South Korea Sets Out K-Shipbuilding Vision
14, May 2026
South Korea announced its K-Shipbuilding Future Vision, including public vessel orders, KRW 525 billion in technology investment and KRW 16 trillion in trade finance.
South Korea
U.S. Navy Considers $2B Foreign Shipbuilding Plan
11, May 2026
The U.S. Navy is considering nearly $2 billion in foreign shipbuilding study and procurement efforts as it seeks solutions for delays in domestic naval construction.
Korea, U.S. Advance MASGA Shipbuilding Cooperation
11, May 2026
South Korea and the United States advanced MASGA Project discussions, including plans for a shipbuilding cooperation center and strategic investment initiatives covering energy infrastructure.
US Navy Reviews Asian Shipbuilding
4, May 2026
The US Navy is reviewing whether shipyards in South Korea and Japan could help support future warship design and production.
ABL Appointed MWS for South Korea’s 390 MW Shinan-Ui Project
15, April 2026
ABL has been appointed marine warranty surveyor for the 390 MW Shinan-Ui offshore wind farm in South Korea, where it will support transportation and installation activities, marine assurance work, fleet suitability surveys, and the review and approval of warranted offshore operations.
HD Hyundai Uses Two-Yard Build Model for Suezmax Tanker
9, April 2026
HD Hyundai Heavy Industries applied a two-yard construction model to a 157,000 dwt suezmax tanker, joining a bow section built by HSG Sungdong Shipbuilding with a stern section completed at Ulsan. The project is aimed at making better use of dock space as South Korean shipyards manage larger orderbooks.
Foreign Firms Exit Korea Offshore Wind
8, April 2026
Foreign developers are leaving Korea’s offshore wind sector as delays, rising costs, and weak returns slow projects and shift attention to government-led development.
S.Korea Nakwol Offshore Wind Hits 72.8%
25, March 2026
South Korea’s Nakwol Offshore Wind Power Project has reached 72.8% completion, with the 364.8 MW development set to more than double the country’s offshore wind capacity once finished.
Vestas Builds Korea Offshore Wind O&M Base
24, March 2026
Vestas, KPS and KMC Line signed an MoU to support offshore wind O&M in South Korea through technician training, workforce development and project cooperation.
