News

APEC Turns into “Shipbuilding Diplomacy”

U.S.-Korea Hold High-Level Talks on Naval and Commercial Vessel Cooperation** Korea’s Big 3 Attend SelectUSA Summit in Force USTR’s Greer Meets HD Hyundai & Hanwha on Naval Shipbuilding and MRO Collaboration “..

News > Shipbuilding > 2025-05-18 18:20:25

Newbuilding Prices Turn Lower... “Signal of a Breather Phase”

As of May 16, 2025, the Clarkson Newbuilding Price Index stood at 186.80 points, marking a 0.03-point (0.02%) decline from the previous week (May 9). This represents the first drop in five weeks. The index had already shown signs of ..

News > Shipbuilding > 2025-05-18 18:16:36

K-Engine Trio Posts 72% Surge in Q1 Operating Profit… Exports Soar 3.4x in Five Years

Shipbuilding boom fuels engine sector growth… Hanwha Engine alone racks up over KRW 1 trillion in orders South Korea’s top three marine engine manufacturers have ridden the wave of booming newbuilding orders to deliver s..

News > Equipment > 2025-05-18 18:13:40

Arkas Line to Order up to 12 Boxships Worth $660m

“Turkey’s leading container carrier resumes newbuilding investment after nine years — backed by Chinese lease financing” Arkas Line, the largest container shipping company in Turkey, has launched a major fleet..

News > Shipping > 2025-05-18 18:09:29

Maritime Tycoon Idan Ofer Adds $6.4bn in a Year — Climbs to UK’s 5th Richest

"Eastern Pacific Shipping chairman records largest wealth increase among shipping magnates — Fredriksen and Reuben brothers also gain" Global shipping magnate Idan Ofer has added £5.16bn (approx. $6.4bn) to his ..

News > Shipping > 2025-05-18 18:04:28

“‘It’s Not My Job to Save the World’: Inside the Mind of BIMCO’s First President from the Americas”

Paul Pathy of Fednav Becomes BIMCO President, Puts ‘Business First’ > “It’s not my job to save the world. My job is to protect shipowners’ interests.” Paul Pathy, CEO of Canadian bulk carrier..

News > Shipping > 2025-05-18 18:00:42

HD KSOE begins demonstration of eco-friendly ammonia fuel technology

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), has officially begun the demonstration of its eco-friendly technology "Hi-CLEARS" (Hyundai integrated Clean Liquid basEd Ammonia Release mitigation system with SCR), ..

News > Offshore > 2025-05-16 18:07:07

U.S. Trade Representative meets with HD Hyundai

Jeong Ki-seon, Executive Vice Chairman of HD Hyundai, met with Jamieson Greer, a representative of the United States Trade Representative (USTR), on the 16th to discuss cooperation between South Korea and the United States in the shipbu..

News > Shipbuilding > 2025-05-16 17:44:51

Hanwha Ocean CEO meets USTR head

United States Trade Representative (USTR) Jamieson Greer met Kim Hee-chul, CEO at Hanwha Ocean, on May 16 in the Asia-Pacific Economic Cooperation (APEC) Trade Ministers' Meeting to have an in-depth discussion on ways to cooperate i..

News > General > 2025-05-16 16:39:39

Hankuk Carbon sees earning surprise

Hankuk Carbon, South Korea's company that specialized in manufacturing composite materials and parts, posted revenue of KRW 224.6bn (about $161m) and operating profit of KRW 31.1bn for the first quarter of 2025, up by 22.9% and 1,09..

News > Equipment > 2025-05-16 16:31:20