South Korea
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Shipbuilding
Akkuyu Nuclear Project Faces Major Delays
Construction on Turkey’s first nuclear power plant, the $24 billion Akkuyu project, has hit a significant slowdown, with work on…
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Shipbuilding
South Korea’s KOMEA offers to jointly modernise an Indian shipyard for building small sized ships
The Korea Marine Equipment Association (KOMEA) has put forth a proposal to modernize an Indian shipyard, aiming to enhance the…
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Shipbuilding
S. Korea, US Agree on Need to Revise US Law Limiting Navy Ship Construction
South Korea and the United States have reached an agreement to revise a U.S. law that currently restricts the construction…
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Shipbuilding
New Greek player Carlova Maritime signs up for VLCC newbuild
Athens-based Carlova Maritime has made a significant move in the shipping industry by placing its first newbuilding order for a…
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Shipbuilding
Assembly Begins on Matson’s New “Aloha Class” Ships at Philly Shipyard
Hanwha Philly Shipyard and Matson have officially launched the construction of the first of three new Aloha Class containerships, marking…
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Shipbuilding
South Korea commits $150B to help revive US shipbuilding
South Korea has committed $150 billion to a dedicated United States shipbuilding rejuvenation fund as part of a $350 billion…
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Shipbuilding
South Korea begins construction of floating LNG terminal for Poland
South Korea has officially launched the construction of a floating liquefied natural gas (LNG) terminal for Poland, set to be…
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Shipbuilding
Indian Shipbuilders Struggle to Access ₹4,000 Crore Aid
MUMBAI: A significant ₹4,000 crore financial assistance scheme for Indian shipbuilders is facing underutilization, with only ₹499.61 crore, or about…
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Shipbuilding
Hanwha orders historic LNG carrier from US yard
In a significant development for the U.S. shipbuilding industry, South Korea’s Hanwha Group has placed a groundbreaking order for a…
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Shipbuilding
HD Hyundai looks to buy back block manufacturer it sold six years ago
In a significant move amid the ongoing shipbuilding supercycle, HD Hyundai Heavy Industries is poised to spend approximately $360 million…
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