Japan’s shipowner Idemitsu Tanker seems to have ordered two dual-fuel powered Very Large Crude Carriers (VLCCs) from its compatriot Japan Marine United (JMU). According to industry sources and foreign media, the price of two ne..
Korea’s shipbuilding industry is ramping up its use of robotics to address chronic labor shortages, improve productivity, and enhance workplace safety. Amid a surge in eco-friendly vessel orders, major shipbuilders such as HD Kore..
As demand for hydrogen energy is rapidly increasing due to policies for carbon neutrality, our shipbuilding industry is working to build a value chain related to activating the hydrogen economy. The 'Big3' shipbuilders in Sou..
South Korea’s major shipbuilders are riding a new wave of demand, with their combined order backlog approaching a record-high KRW 200 trillion (roughly $150 billion). The surge is driven by robust demand for high-value vessels and..
Korea’s shipbuilding industry is seeing a sharp drop in LNG carrier orders, once a major source of revenue. Industry leaders HD KSOE, Samsung Heavy Industries, and Hanwha Ocean have each secured only one or two LNG carrier contrac..
As the US hits its stride in the Alaska LNG project, South Korean shipyards need to make investment for the construction of LNG carriers for the business. The Alaska LNG development project is a large-scale energy infrastructure proj..
US President Donald Trump is said to have requested that South Korean shipyards build US Navy ships. According to industry sources, several factors have reportedly combined to create President Trump's proposal. First, there is..
“Methanol and ammonia-fueled boxships in demand — Korean yards offer delivery + tech edge” While U.S.-China tariff tensions and shifting global trade routes are prompting a pause in the containership charter market,..
The serious shortage of skilled labor in the shipbuilding industry, which is currently experiencing a boom, has become a more pressing issue than ever before. After a prolonged slump, the recent recovery in the shipbuilding market has b..
Korean Big 3 Shipbuilders Called Key Allies as U.S. Eyes Industrial Alliance Beyond Defense As Washington sets its sights on restoring maritime dominance and countering China’s naval expansion, South Korea is emerging as the in..
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