SEOUL, Aug. 6 (Korea Bizwire) — HD Hyundai Heavy Industries Co., South Korea’s leading shipbuilder, said Wednesday it has secured a maintenance, repair and overhaul (MRO) project for a U.S. Navy cargo ship. The company will carry out the MRO work on the USNS Alan Shepard (T-AKE-3), a 41,000-ton Lewis and Clark-class dry cargo vessel, [...]
MASGA initiative aims to deepen Korea-U.S. shipbuilding cooperation under Lee-Trump trade framework SEOUL, August 3 (Korea Bizwire) — South Korea’s leading shipbuilders have formed a joint task force to coordinate participation in the newly announced Korea-U.S. shipbuilding partnership, known as the MASGA (Maritime and Shipbuilding Growth Arrangement) initiative—a $150 billion sector-specific fund unveiled as part [...]
CHANGWON, South Korea, July 29 (Korea Bizwire) — South Korea’s southeastern province of South Gyeongsang will begin hiring skilled foreign workers for its shipbuilding industry in the second half of this year, as part of a new government-backed visa pilot aimed at addressing a critical labor shortage in key technical roles. On Monday, the provincial [...]
SEOUL, July 16 (Korea Bizwire) — South Korean shipbuilder Hanwha Ocean Co. plans to establish a new overseas office in Canada as part of its efforts to strengthen its presence in the North American defense market, according to industry sources Wednesday. The company’s board of directors approved the plan to set up the Canadian office [...]
SEOUL, July 6 (Korea Bizwire) — HD Hyundai, South Korea’s leading shipbuilding conglomerate, has signed a landmark memorandum of understanding (MOU) with India’s largest state-owned shipyard, Cochin Shipyard Limited (CSL), in a move to strengthen its position in India and the global shipbuilding market. The agreement, announced Saturday by HD Korea Shipbuilding & Offshore Engineering (KSOE), [...]
SEOUL, July 1 (Korea Bizwire) — Hanwha Ocean Co. said Tuesday it has been selected as the preferred bidder to construct South Korea’s next-generation icebreaking research vessel, which is expected to significantly enhance the country’s polar exploration capabilities. The shipbuilder was selected as the preferred bidder for the project led by the Ministry of Oceans [...]
SEOUL, June 24 (Korea Bizwire) — South Korea will launch an educational exchange program inviting students and faculty members from major American universities starting next year to receive short-term training in shipbuilding engineering, Seoul’s trade ministry said Tuesday. The initiative comes as the two countries seek to deepen cooperation in the shipbuilding sector, which has [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s HD Hyundai has entered into a strategic partnership with a major U.S. shipbuilder, signaling deepening cooperation between the two allies in the wake of President Donald Trump’s re-election and renewed emphasis on domestic industrial revival. The company announced Saturday that it signed a comprehensive agreement with Edison Chouest [...]
SEOUL, June 18 (Korea Bizwire) — Samsung Heavy Industries Co. said Wednesday it has terminated ship equipment contracts worth 4.85 trillion won (US$3.54 billion) with Zvezda Shipbuilding Complex and plans to seek damages over what it called the Russian shipyard’s unilateral breach of contract. The contracts, signed in 2020 and 2021, covered the supply of [...]
SEOUL, June 10 (Korea Bizwire) -- HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Tuesday it has secured a 2.4 trillion-won (US$1.76 billion) order to build eight container ships for an Asian shipping company by 2028. The 15,900 twenty-foot equivalent unit (TEU) container carriers will be constructed at the shipyard of HD Hyundai [...]