General

Fincantieri Calls for U.S. Shipbuilding Renaissance

Italian shipbuilding giant Fincantieri hosted a major event in Washington, D.C., urging a revival of America’s maritime industrial base. Held on July 15 (local time), the event was titled “FULL SPEED AHEAD: The U.S. Shipb..

News > General > 2025-07-18 15:20:08

"Net Zero Is Just a Slogan"… Korea’s Big 3 Shipbuilders Fail Carbon Targets 

- IMO regulations tightening ahead of schedule — HD Hyundai, Hanwha, Samsung all miss reduction goals - “Production growth no longer an excuse”… Scope 3 emissions still neglected - With carbon pricing imminent..

News > General > 2025-07-18 14:53:53

Urgent Need for LNG Fuel Infra Development

Supply bottlenecks inevitable by 2026 — Infrastructure expansion critical by 2028 As LNG (liquefied natural gas) gains traction as a transitional marine fuel ahead of a full shift to renewable energy systems, its demand is soar..

News > General > 2025-07-18 10:59:46

“Busan Era for Ministry of Oceans and Fisheries Begins with Legislation”

Rep. Kwak Kyoo-taek Proposes Special Law for MOF Relocation Toward a Marine Industry Cluster Centered in Busan — Legal Backing for HMM Relocation & Offshore Plant Development On July 16, Rep. Kwak Kyoo-taek of the People P..

News > General > 2025-07-18 08:26:14

NEMO secures NGO status at IMO, expands role in global maritime nuclear policy

The Nuclear Energy Maritime Organization (NEMO), an international initiative co-founded by HD Korea Shipbuilding & Offshore Engineering and top global nuclear firms, has obtained NGO consultative status at the International Maritime..

News > General > 2025-07-16 11:53:53

HMM to Relocate Headquarters to Busan

A 50-story HQ building would generate KRW 1.3 trillion in production and create 4,570 jobs National balanced development, shipping cluster, and maritime court establishment to accelerate Busan Chamber of Commerce calls for a special l..

News > General > 2025-07-15 08:11:27

Jeon Jae-soo, Minister of Oceans and Fisheries Nominee: “MOF Relocation to Busan on Track… Arctic Route Hub in the Making” 

Plans to Attract Maritime Agencies, Shipping Firms, and Advance Smart Ports & Green Ships Jeon Jae-soo, nominee for Minister of Oceans and Fisheries (MOF), vowed to leverage the ministry’s relocation to Busan to attract mar..

News > General > 2025-07-14 11:52:52

Is HMM Headquarters Heading to Busan?

KDB Relieved by 3-Year Grace Period—Gov’t Maintains Influence Korea Development Bank (KDB) has gained some breathing room regarding its stake in HMM, as the Financial Supervisory Service (FSS) granted a three-year exempti..

News > General > 2025-07-09 08:47:34

HD HHI forecasts strong Q2 on offshore turnaround, U.S. Market Gains

HD Hyundai Heavy Industries (HD HHI) is poised to post robust second-quarter earnings, driven by improving offshore operations, strong order momentum in commercial and defense shipbuilding, and early progress in expanding into the U.S. ..

News > General > 2025-07-08 13:36:36

HD HHI union set to begin partial strike

The labor union of HD Hyundai Heavy Industries is likely to launch a partial strike starting July 11. On July 7, the union held a central committee meeting to discuss the strike schedule and is reportedly considering a plan in which all..

News > General > 2025-07-07 16:48:39