Tag: shipbuilder

shipbuilder

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The next fleet of Washington's warships could be Korean

Trump’s new policy could let qualifying Korean shipbuilders build up to two U.S.-bound vessels at home while expanding U.S. shipyard investment.

2026.8.14

White House support for foreign-built Navy ships could open a path for Korean yards

The administration’s backing for overseas construction of four U.S. Navy vessels could create a rare opening for Korean shipbuilders, though Congressional approval remains uncertain.

2026.8.5

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Jang Bogo-class submarine built by Hanwha Ocean

Korean shipbuilders to square off next in Saudi Arabia, Thailand and Greece

HD Hyundai Heavy Industries and Hanwha Ocean are set to split bids for Saudi Arabia’s naval program while preparing for fiercer overseas competition.

2026.7.24

Hanwha Ocean's shipyard is seen in Geoje, South Gyeongsang on March 12. [YONHAP]

Hanwha Ocean sails to consensus-beating operating profit of $299.5M in Q1

Hanwha Ocean posted a consensus-beating first quarter operating profit of 441.1 billion won ($299.5 million) driven by high-value vessels and a currency market favorable to an exporter.

2026.4.27

A HiMSEN engine for a data center by HD Hyundai Heavy Industries [HD HYUNDAI HEAVY INDUSTRIES]

HD HHI wins $424M power equipment order in U.S.

HD Hyundai Heavy Industries, Korea's leading shipbuilder, said Wednesday it has secured a 627 billion won ($424 million) contract to supply power generation equipment to a U.S. energy infrastructure company.

2026.4.22

Hanwha Ocean's shipyard in Geoje, South Gyeongsang, is seen on Aug. 26. [NEWS1]

Hanwha Ocean apologizes for fatal accident involving Brazilian client at shipyard

Hanwha Ocean, a major Korean shipbuilder, on Thursday apologized for a fatal accident involving a supervisor from a Brazilian client company at one of its construction sites.

2025.9.4

The U.S. Navy vessel Wally Schirra undergoes maintenance in Hanwha Ocean’s Geoje shipyard in South Gyeongsang on Sept. 3, 2024. [HANWHA OCEAN]

U.S. Navy's $30-billion plan to upgrade warship fleet could benefit Korea's shipbuilders: Kotra

Korea could capitalize on the U.S. Navy’s 30-year plan to spend $30 billion annually to expand its warship fleet, a report from the Korea Trade-Investment Promotion Agency (Kotra) suggests.

2025.3.2

A render of a very large ammonia carrier (VLAC) developed by HD Hyundai Heavy Industries [HD HYUNDAI]

HD Hyundai bags $366 million ammonia carrier order

HD Korea Shipbuilding & Offshore Engineering secured a $366 million order to build three very large ammonia carriers for a Central and South American shipper, with delivery scheduled for June 2028.

2024.1.22

A HD Hyundai ship sails on waters in August. [YONHAP]

Korea reclaims top spot for shipbuilding orders in October

Korean shipyards clinched orders totaling 1.54 million compensated gross tons (CGTs) to build 18 ships, accounting for 62 percent of the global total of 2.49 million CGTs last month, according to London-based Clarksons Research Services.

2023.11.7

Officials, including Minister of Oceans and Fisheries Cho Seung-hwan, center, and CEO of HMM Kim Kyung-bae, second from right, pose for a picture at a signing ceremony for the container ship construction contract at the Westin Josun Hotel in central Seoul on Tuesday. [HMM]

HMM places $1.1 billion in orders for methanol-fueled ships

HMM, Korea's largest container shipper, ordered nine methanol-fueled container ships for 1.41 trillion won ($1.1 billion), in a move that aligns it with the growing global trend of deploying container ships that produce less in carbon emissions.

2023.2.14