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"Nuclear-Powered Container Ships by 2030"… A New Era for Maritime Propulsion

HD Hyundai Heavy Industries Spearheads World’s First Civilian MSR Carrier Project Minimized Blast Impact, Radiation Shielding, and Non-Proliferation Design at the Core A new energy source is rising in the global shipping indus..

News > Shipbuilding > 2025-05-02 15:16:46

U.S. Reintroduces SHIPS Act—Korean Shipbuilders Set to Gain, Chinese Peers Face Headwinds

The U.S. Congress has reintroduced the SHIPS Act, aimed at revitalizing domestic shipbuilding and maritime industries. The bill includes restrictions on Chinese shipyards, raising expectations that Korean shipbuilders will benefit ..

News > Shipbuilding > 2025-05-02 14:53:22

Korea likely to win LNGCs from US project

Woodside Energy has announced that the Australian energy provider made a final investment decision (FID) on April 29 on Louisiana LNG project. The company noted, "With first LNG targeted for 2029, Louisiana LNG represents a comp..

News > Shipbuilding > 2025-05-02 14:29:17

Wando Offshore Wind Project to Resume in First Half of 2025

Korea South-East Power Co. (KOEN) will resume its 600MW “Wando Geumil Offshore Wind 1 & 2” project in the first half of this year. The move follows the resolution of a prolonged dispute with the Ministry of Trade, Ind..

News > Offshore > 2025-05-02 14:23:11

Chinese yards resume new order rally

As the United States Trade Representative's (USTR) implementation plan for sanctions against China is being eased, the rally in new ship orders in the Chinese shipbuilding industry, which had been stagnant for a while, is gradually ..

News > Shipbuilding > 2025-05-02 12:25:13

Korea's ship exports upturn continue

Shipyards in South Korea exported vessels worth about $2.01bn last April, up by 17.3% against a year ago. The Ministry of Trade, Industry and Energy (MOTIE) noted, "Exports of ships ordered at high prices have continued since 20..

News > Shipbuilding > 2025-05-02 11:11:36

SHI Accelerates Two-Track Strategy Focused on Profitability… FLNG Orders Imminent

Back-to-back orders for ultra-large gas carriers and container ships… Full-scale shift toward offshore plant-centered portfolio Samsung Heavy Industries (SHI) is gaining momentum in its performance with selective orders for hi..

News > Offshore > 2025-05-02 09:40:29

HSG Sungdong Shifts Focus to Offshore Wind as Core Business

HSG Sungdong Shipbuilding has secured KRW 210 billion (USD 155 million) in new investment as it pivots toward offshore wind substructure manufacturing as its future growth engine. This marks a strategic move away from conventional sh..

News > Finance > 2025-05-02 09:10:29

HD Hyundai Mipo Selectively Secures High-Value Vessel Orders

HD Hyundai Mipo Dockyard announced on May 2 that it has signed a contract with an African shipping company for the construction of two 39,000-cbm medium-sized LPG carriers. The deal is valued at approximately USD 147.45 million, with th..

News > Shipbuilding > 2025-05-02 08:52:33

U.S. Navy Secretary: “Korea Is the Optimal Partner for Rebuilding U.S. Naval Power”

Phelan meets Acting PM Han Duck-soo, visits HD Hyundai & Hanwha Ocean… Korea emerges as key to U.S. shipbuilding revival U.S. Secretary of the Navy John C. Phelan paid an official visit to South Korea on April 30, meeting ..

News > General > 2025-05-01 17:23:44