Korea Joongang Daily
Korea JoongAng Daily

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.

2025-04-28

For Korean shipyards, U.S. port fees could be sea of opportunity, or stormy waters

Korean shipbuilders are hoping that U.S. port fees targeting China could drive orders their way, but experts warn that Washington's move simply risks shrinking the market.

2025-04-18

Global tariff conflicts prompt calls for Korea-U.S. sector collaboration

Amid escalating global tariff conflicts, experts from Korea and the United States have recommended expanding bilateral cooperation in sectors such as shipbuilding, energy and artificial intelligence.

2025-04-15

Korean shipbuilders gear up as Trump suggests U.S. may buy warships

U.S. President Donald Trump on Thursday said the United States could order advanced vessels from allied nations, sending Korea’s shipbuilders in a rush to accelerate its presence in the United States to win contracts from the U.S. Navy.

2025-04-11

Trump pledge to revive U.S. shipbuilding sparks expectations, concerns in Korea

U.S. President Donald Trump’s push to revive U.S. shipbuilding with federal funds has led Korean shipbuilders to seek intergovernmental talks, fearing U.S. Navy reliance could threaten more lucrative commercial contracts.

2025-04-10

Capital, skill inflow following Hanwha's U.S. shipyard acquisition 'very critical,' Navy secretary nominee says

U.S. President Donald Trump's pick for the Navy secretary said Thursday that the inflow of capital and skill sets into the United States following Korean conglomerate Hanwha Group's acquisition of a U.S. shipyard is "very critical."

2025-02-28