
Shinan-Wi offshore wind secures KRW 2.89tn financing
The 390 MW Shinan-Wi development will use 26 turbines rated at 15 MW each, with Korean suppliers providing foundations, subsea cables and substations under a KRW 3.4 trillion project budget.

The 390 MW Shinan-Wi development will use 26 turbines rated at 15 MW each, with Korean suppliers providing foundations, subsea cables and substations under a KRW 3.4 trillion project budget.

The Busan shipyard completed repairs on the 40,000-tonne USNS Amelia Earhart after additional defects expanded the original maintenance scope, extending the project schedule by six months.

Spinergie records 15 HLV transfers from China to international markets in 2022–2025, including four returning vessels, as domestic utilisation eased after the 2021 offshore wind installation surge.

PanStar Acro completed a 50-day round trip, carrying empty containers and no import cargo home. Seoul targets regular Arctic services in 2030, while Lee pledged sanctions compliance.

Hydrogen is among South Korea’s 10 priority green industries. The K-GX strategy also targets 100GW of renewable capacity by 2030 and extends transport electrification to ports and ships.

HD Hyundai Heavy Industries and 11 South Korean partners have agreed to establish a marine SMR demonstration center focused on nuclear technology development, testing, verification and research collaboration.

HD Hyundai Heavy Industries has signed a contract covering engineering through commissioning of the Taean offshore substation for a planned 500 MW offshore wind farm in South Korea.

Hanwha Ocean’s $499.6 million LNG carrier contract covers two ships for delivery by November 2029. Shipping reports name Zodiac Maritime as the buyer and describe options for another pair.

South Korea plans to expand its West Sea fleet of 3,000-tonne-class Coast Guard patrol vessels from 11 to 17 by 2030, with construction funding included in the 2027 budget.
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