The South Korean-owned Philly Shipyard in the United States does not currently have the capability to build a nuclear-powered submarine, Prime Minister Kim Min-seok said on Thursday during a parliamentary hearing.His remarks come after U.S. President Donald Trump wrote on social media last week that he had given approval for South Korea to build a nuclear-powered submarine and that it would be
China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threaten to impact ambitious plans for shipbuilding cooperation between Seoul and Washington by disrupting supplies of Chinese equipment and materials, officials in Seoul said on Friday.Beijing announced the sanctions on Tuesday as the U.S.
The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies.A return to an all-out trade war appeared imminent last week
South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The world's largest shipbuilder based on orders is targeting 3 trillion won ($2.2 billion) in annual revenue by 2035 from building warships for the U.S.
South Korea's HD Hyundai Heavy Industries, the world's biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding market.With the merger, the company said it aims to lead U.S.-Korea shipbuilding cooperation projects touted during a recent summit between the leaders of the countries that Seoul has dubbed
ABS issued an approval in principle (AIP) to Encomara for its Squid system, an approach that adapts proven disconnectable mooring technology to support floating offshore wind developments.The Squid system builds upon the established Disconnectable Turret Buoy (DTB) concept long used in floating production projects.
Lamprell has signed a memorandum of understanding (MoU) with Dong Fang Offshore (DFO) for a newbuild NG-9000X wind turbine installation and maintenance vessel.The newbuild vessel will support offshore wind activities in the Asia Pacific region and will be designed to accommodate the latest generation of turbines.
Offshore construction firm Lamprell has secured an extension of its longstanding offshore long-term agreement with Aramco, strengthening strategic collaboration ongoing since 2018.The renewal reaffirms Lamprell’s technical and operational expertise and solidifies the company’s role as a key partner in advancing Saudi Arabia’s energy and maritime sectors.
The UK’s National Oceanography Centre (NOC) has unveiled a new Innovation Hub in Southampton, designed to accelerate advances in ocean technology and support sustainable growth across the blue economy. Backed by a £200,000 investment, the facility will serve as a catalyst for innovation in marine autonomous systems (MAS), the blue economy and beyond—bringing together researchers
AsstrA-Associated Traffic AG, a provider of logistics and transportation solutions, successfully completed the first stage of transporting Outside Battery Limits (OSBL) modules for the INEOS Project ONE, an initiative to build an ethane cracker at the port of Antwerp, Belgium.In September, AsstrA's Industrial Project Logistics (IPL) team delivered multiple cargos
Renewable energy company Source Galileo has signed a non-exclusive memorandum of understanding (MoU) with Portland Port, a commercial port on the South Coast of England, to jointly advance offshore wind development off Dorset coast in English Channel.Portland Port has a history of servicing the offshore wind sector and is in discussions with potential partners to enable and support the future
With the addition of Ian Finch to its Sales team, Bardex re-establishes a European base committed to growing and supporting clients and projects across Europe, the Middle East, and Africa.Bardex, a global provider of products and engineering solutions for marine-based heavy lifting, transfer, and restraint