In a move that could reshape global trade and hit everyday Americans right in the wallet, the United Nations’ International Maritime Organization (IMO) is on the verge of approving a so-called “net-zero framework” for shipping. […]
Seatrium Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would […]
South Korea’s HD Hyundai Heavy Industries has confirmed it is in talks with multiple firms to buy a US shipyard, a move aimed at tapping into Washington’s resurgent naval build-up under president Donald Trump. A […]
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the holding company of the HD Hyundai shipbuilding empire, has provided more details of the decision to merge its two flagship yards. Splash reported yesterday on the […]
Hanwha Group has unveiled a $5bn expansion plan for Hanwha Philly Shipyard as well as ordering 10 tankers to be built in Philadelphia, in a landmark moment for Korea-US industrial cooperation designed to revive American […]
Hanwha Ocean said on Wednesday that it has signed a contract to build one LNG carrier worth 346.6 billion won ($250 million) with its affiliate, Hanwha Philly Shipyard. The vessel is scheduled for delivery by […]
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the holding company of HD Hyundai Group, has struck a deal to acquire Doosan Vina, the Vietnamese manufacturing unit of Doosan Enerbility, in a transaction worth 290bn […]
Samsung Heavy said on Monday that it will build the LNG carriers for unidentified owners in Oceania. Under the first order, Samsung Heavy will build four LNG carriers for 1.43 trillion won ($1.04 billion), or […]
This was a crazy week on the news desk. Check out the Energy News Beat Substack on the Alaskan Summit we put out this morning. Trump to Hold Off Hiking China Tariffs Over Russia Oil Purchases […]
South Korea’s HD Hyundai is set to start shipbuilding in the Philippines from January next year, with a revamped Subic Bay yard capable of turning out up to 10 vessels annually. The shipbuilding giant has […]
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