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Hanwha Ocean likely to win another VLCCs

Hanwha Ocean is said to have won two very large crude carriers (VLCCs) from Swiss operator Advantage Tankers. According to industrial source, the two companies have recently signed a letter of intent (LOI) for the construction of 320..

News > Shipbuilding > 2025-04-25 12:12:40

HD Hyundai Samho & SHI win methanol-fueled boxships from Taiwan

HD Hyundai Samho and Samsung Heavy Industries have each received orders from Taiwan's Wan Hai Lines for two 16,000-teu methanol dual-fuel container ships, totaling four vessels. According to industry sources, the deal, worth arou..

News > Shipbuilding > 2025-04-25 11:12:17

HD Hyundai actively wins boxship orders

HD Hyundai's shipbuilding affiliates have won new containership orders for the two consecutive days. HD Hyundai Mipo announced on April 24 that it was awarded two small- and mid-sized containerships by an Asian operator. The v..

News > Shipbuilding > 2025-04-25 11:04:36

Korea uses 'shipbuilding' as bargaining chip in tariff talks

In the Korea-US trade negotiations over US President Donald Trump's imposition of tariffs, Korea's 'cooperation in rebuilding the US shipbuilding industry' card appears to have been effective. After the Korea-US 2+2 t..

News > General > 2025-04-25 10:17:31

K-Shipbuilding Enters Super Cycle with Q1 Earnings Surprise

HD Hyundai Heavy Up 1,936%, Samsung Heavy Also Jumps 58% Korea’s shipbuilding industry has entered a full-scale boom cycle, with Q1 earnings reports signaling a new era of growth. Key players such as HD Hyundai Heavy Industr..

News > Shipbuilding > 2025-04-25 10:09:27

Trump-Driven Opportunity: A New Chance for Korea’s Shipbuilding Industry

President Donald Trump’s executive order to revive the U.S. shipbuilding industry and his hardline stance on Chinese shipbuilding and maritime sectors are presenting both new opportunities and added challenges for South Korea&rsqu..

News > Shipbuilding > 2025-04-25 10:07:07

Korea-U.S. Shipbuilding Cooperation Gains Momentum with Visit from U.S. Navy Secretary Phelan

U.S. Navy MRO and Shipbuilding Market Poised to Open to Korean Shipyards – “Shipbuilding Alliance” Becoming a Reality Korea-U.S. shipbuilding cooperation is reaching a critical turning point as U.S. Secretary of the..

News > Shipbuilding > 2025-04-25 09:43:20

Decision on KDDX project delayed again

Decision on how to carry out the Korean next-generation destroyer (KDDX) project has been postponed again. According to industrial source, an official at the Korean government said, "In order to promote the KDDX project stably, ..

News > General > 2025-04-25 08:34:09

Small and mid sized shipbuilders have difficulty obtaining RG

After Donald Trump came to power, the U.S. has been implementing significant changes to its laws and systems in the shipping and shipbuilding industries based on the principle of 'America First.' This presents new opportunities ..

News > Shipbuilding > 2025-04-24 17:21:27

SHI's profitability improvement clear

Samsung Heavy Industries (SHI) unveiled its 1Q business results on April 24. According to the South Korean shipbuilding heavyweight, it logged revenue of KRW 2.4943trn (about $1.739bn) and operating profit of KRW 123.1bn for the firs..

News > Shipbuilding > 2025-04-24 15:52:18