Greek shipowner JHI Steamship is finalising a deal with K Shipbuilding for two Aframax tankers, marking what would be its first South Korean newbuilding project.
HD Hyundai has appointed Chung Ki-sun as its new Chairman, signaling the start of a third-generation leadership era at the global industrial group.
China has imposed sanctions on Hanwha Ocean’s U.S. subsidiaries, but South Korea’s shipbuilding industry remains largely unaffected, emphasizing its resilience through high-value, technology-driven specialization.
Hanwha Ocean has achieved a global first by completing an LNG ship-to-ship transfer during sea trials, demonstrating cutting-edge innovation in maritime LNG technology.
South Korea has announced $8 million subsidies per icebreaker as part of its Arctic shipping strategy, backed by a $5.2 billion maritime budget for 2026.
