Samsung Heavy to sue Russia's Zvezda for 'illegal' equipment contract termination

Samsung Heavy Industries said Wednesday it will file a lawsuit against Russia's largest shipbuilder, Zvezda, for "illegally" terminating shipbuilding equipment supply contracts worth 4.85 trillion won.

2025-06-18

Foreign workers in Korea's booming shipyards struggle with high remittances, debt obligations

In Geoje and Ulsan, where shipbuilding is booming again, local economies remain stagnant — and growing numbers of foreign workers are being blamed for not spending. But for many, it’s not that they won’t spend — it’s that they can’t.

2025-06-17

Korea, No. 2 in shipbuilding order by volume, looks to spur sales with container ships

Korea secured the second-highest volume of shipbuilding orders in May, trailing only China, despite a sharp drop in global demand, prompting Korean shipbuilders to expand efforts to win orders for high-value container ships.

2025-06-06

Semi-capsized North Korean naval destroyer refloated

North Korea successfully corrected the flotation of a newly launched 5,000-ton warship that capsized during its launch last month, state media reported Friday.

2025-06-06

Hanwha to invest $72M in Philly Shipyard to build LNG carriers

Hanwha Group will invest 100 billion won in Philly Shipyard to add the capability of building liquefied natural gas carriers in an effort to generate $4 billion in revenue annually by 2035.

2025-05-20

Welding robots to replace humans in HD Hyundai's shipyards by 2027

HD Hyundai partners with AI startups to develop humanoid robots for shipyard welding by 2027, aiming to enhance safety and efficiency, following recent workplace fatalities.

2025-05-08

U.S. Navy secretary hails Korean shipbuilding during HD Hyundai, Hanwha Ocean shipyard tours

U.S. Secretary of the Navy John Phelan toured the shipyards of HD Hyundai Heavy Industries and Hanwha Ocean, where he praised Korea's shipbuilding prowess.

2025-05-01

Hanwha Ocean delivers soaring Q1 profits on LNG carrier boom despite geopolitical tensions

Hanwha Ocean reported robust first-quarter earnings on Monday, driven by strong sales of high-value LNG carriers despite rising geopolitical uncertainties surrounding the global shipbuilding industry.

2025-04-28

Korea-U.S. shipbuilding cooperation gains spotlight in trade talks

In ongoing trade negotiations between Korea and the United States, the so-called "July Package" has placed Korea-U.S. cooperation in shipbuilding at the forefront. However, experts warn that Korea's shipbuilders face significant hurdles.