South Korea
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Shipbuilding
HD Hyundai Launches New Construction Equipment Company
HD Hyundai has officially launched HD Construction Equipment, a newly formed entity resulting from the merger of HD Hyundai Construction…
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Bulk Carrier
Offshore Industry Consolidation Accelerates in 2025
As geopolitical tensions and energy demands shift, the offshore industry is witnessing a significant wave of consolidation. Companies involved in…
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Shipbuilding
Hanwha Group Chairman Advocates for Advanced Technologies and U.S. Shipbuilding Cooperation
SEOUL, Jan. 2 (Yonhap) — In a bold New Year’s address, Hanwha Group Chairman Kim Seung-youn emphasized the urgent need…
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Shipbuilding
Korean Shipbuilding Industry Poised for Growth in 2026
The shipbuilding sector in South Korea is set to play a significant role in the nation’s economy in 2026, driven…
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Shipbuilding
Korean Shipbuilders Set for Growth Amid LNG Demand
The shipbuilding sector in South Korea is poised for significant growth by 2026, driven by increasing demand for liquefied natural…
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Bulk Carrier
Great Eastern Shipping Expands Fleet with New Tanker Acquisition
The Great Eastern Shipping Company Limited (G E Shipping) has announced a significant expansion of its fleet by contracting to…
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Shipbuilding
U.S. Struggles to Compete with China’s Shipbuilding Dominance
As of December 30, 2025, the United States is facing significant challenges in the shipbuilding sector, particularly in light of…
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Shipbuilding
Capital Clean Energy Carriers Expands LNG Fleet with New Orders
Capital Clean Energy Carriers (CCEC) has announced a significant expansion of its liquefied natural gas (LNG) fleet by placing an…
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Fishing Vessel Catches Fire Off Busan, South Korea
On December 23, a 55-ton fishing vessel caught fire in the Sea of Japan, approximately 20 kilometers southeast of Songjeong-dong,…
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Shipbuilding
Trump Backs Hanwha in U.S. Navy Frigate Plans
In a significant announcement at Mar-a-Lago, U.S. President Donald Trump revealed plans to construct new frigates for the U.S. Navy,…
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