Hanwha Ocean successfully returned to profitability last year, driven by strong performance in its special ship business unit. With growing opportunities in the U.S. defense market this year, the company plans to utilize the recently acquired Philly Shipyard as a strategic foothold. On the 24th, Hanwha Ocean announced its consolidated annual revenue of KRW 10.776 trillion and operating profit of..

Neuromeka, a robotics automation specialist, announced on the 20th that it has been selected alongside global shipbuilder HD Hyundai Samho for a national research project led by Korea’s Ministry of Trade, Industry, and Energy. The project focuses on developing an AI-driven autonomous manufacturing system for the production of curved blocks in shipbuilding, a highly complex and critical process. ..

Samsung Heavy Industries (SHI) is expected to kick off its first order of the year with a Floating Liquefied Natural Gas (FLNG) production and storage facility. According to industry sources on the 16th, SHI is likely to secure an order for the Coral Sul FLNG 2 project in Mozambique as early as this month. SHI had previously built the Coral Sul FLNG 1 for the same project and is currently workin..