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Industry

US Navy Takes Delivery of Its Final Expeditionary Sea Base

The US Navy has taken delivery of USS Hector A. Cafferata Jr., the last of the expeditionary sea bases built on a converted Alaska-class tanker hull form.

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Container ship under way seen from the air
Industry

India Maps 100-Ship Fleet Expansion to Cut Its $75 Billion Freight Bill

India is considering adding up to 100 vessels over five years to reduce a dependence on foreign-flag tonnage that costs the country around $75 billion a year in freight.

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Huge merchant ship carrying bulk cargo on the sea
Industry

SFL Orders Four LNG Dual-Fuel Car Carriers in 363 Million Dollar Deal

SFL is investing $363m in four LNG dual-fuel car carrier newbuildings for 2029 delivery, with two already chartered to a major Asia-based manufacturer.

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Large container ship viewed from the air at sea
Industry

MARAD Signs Nuclear Propulsion Agreement With CORE POWER

The US Maritime Administration and CORE POWER have agreed to work through the regulatory and commercial obstacles blocking a US-flagged nuclear-powered merchant fleet.

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Large vessel under construction in a shipyard dry dock
Industry

Canada Orders Six Polar Icebreakers From Davie in C$11.3bn Deal

Ottawa has committed C$11.3bn to six Polar Class 3 icebreakers at Chantier Davie in Levis, with construction starting in 2027 and the series complete by 2038.

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A large hull under construction in a building dock
Industry

Fincantieri Books Two More Viking Ocean Ships for 2032 Delivery

Fincantieri has converted options into firm contracts for two 54,300 gross ton Viking ocean ships, to be built at Ancona for delivery in 2032.

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Tugs assisting a large passenger ship alongside
Industry

Disney Sets Course for 13 Cruise Ships With a New Meyer Werft Class

Disney Cruise Line will roughly quadruple capacity from its pre-expansion base, with three new Meyer Werft ships, a Japan-based vessel with NYK and a fleet of 13 by late 2030.

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Yard workers on a hull inside a shipbuilding dock
Industry

Labor Shortage Caps Japan's Plan to Double Shipbuilding Capacity by 2035

Japan is putting $6.5 billion behind a plan to double shipbuilding output by 2035, but orders have fallen 15 percent this year because yards cannot staff the work.

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Dry docks at a shipyard in Kobe, Japan
Industry

Japan Convenes Yards, Owners and JERA to Restart LNG Carrier Building

Japan's transport ministry has brought Imabari, Kawasaki Heavy Industries, Namura and JERA together to put numbers on order volumes, yard investment and costs for domestic LNG carrier construction.

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A large hull under construction in a shipyard dry dock
Industry

Australia Picks Amentum and Laing O'Rourke for the Osborne Submarine Yard

Australian Naval Infrastructure has selected Amentum and Laing O'Rourke to help build the Osborne yard for SSN-AUKUS submarines, alongside a A$12 billion upgrade at Henderson.

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Vessel under construction at a shipbuilding yard
Industry

Royal IHC Names Erik-Jan Bijvank Chief Executive From October

Royal IHC will change both its chief executive and its chief financial officer within weeks, three years after the Kinderdijk builder restarted under Te Bokkel.

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Large vessel under construction in a covered shipyard dry dock
Industry

Finland Picks Helsinki Shipyard to Build the Icebreaker Aino

Helsinki Shipyard has won the contract for the first of Finland's next-generation icebreakers, a 96-metre vessel able to open a 25-metre channel, with delivery set for September 2029.

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The first two hulls of a series could go to Korean or Japanese yards under a White House memo
Industry

Foreign-Build Plan for U.S. Warships Meets Congressional Resistance

A White House memorandum would allow the first two ships of a U.S. Navy series to be built in South Korea or Japan, drawing objections from lawmakers in shipbuilding districts.

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The change would add billions to a hull already priced at about $13 billion
Industry

White House Asks Navy to Move Ford-Class Carrier Island Amidships

The White House has asked the U.S. Navy to relocate the Ford-class island amidships, a change that could add several billion dollars per carrier and disrupt work already under way on USS Doris Miller.

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Second Ford-Class Carrier Puts To Sea For Acceptance Trials
Industry

Second Ford-Class Carrier Puts To Sea For Acceptance Trials

The second of the United States Navy's Ford-class supercarriers, USS John F. Kennedy, has got under way for acceptance trials, roughly six months after her builder's trials.

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White House Opens Navy Shipbuilding To Foreign Yards Under New Model
Industry

White House Opens Navy Shipbuilding To Foreign Yards Under New Model

A White House memorandum has ordered an overhaul of United States Navy shipbuilding that could allow foreign yards to build the first vessels in selected programmes before construction moves to American facilities.

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Cochin Shipyard Hands Over Second Ice-Class Multipurpose Vessel To German Owner
Industry

Cochin Shipyard Hands Over Second Ice-Class Multipurpose Vessel To German Owner

Cochin Shipyard has delivered the MS Maria, the second of eight multipurpose vessels in a series being built for the German owner HS Schiffahrts, in a handover signed at the yard by directors of both companies.

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Polish Outfitter Wins Interior Work On Seven Scottish Electric Ferries
Industry

Polish Outfitter Wins Interior Work On Seven Scottish Electric Ferries

A ship interior specialist's Polish operation has been selected to deliver turnkey accommodation for seven battery-electric ferries under construction at a Gdansk shipyard for a Scottish public ferry asset owner.

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Indian Yard Launches A New Offshore Patrol Vessel
Industry

Indian Yard Launches A New Offshore Patrol Vessel

An Indian state-owned shipyard has launched a new offshore patrol vessel for the country's navy, the latest unit in a class of eleven being built across two domestic yards.

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Korean Builder Takes Delivery Of Its First Owned Crude Carrier
Vessel sales

Korean Builder Takes Delivery Of Its First Owned Crude Carrier

A Korean shipbuilder's shipping subsidiary has taken delivery of a 320,000 deadweight tonne very large crude carrier, the first vessel it has owned outright since the unit was established.

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Vietnam Begins Building Its Largest Domestic Warship
Industry

Vietnam Begins Building Its Largest Domestic Warship

Vietnam has started construction of the largest and most capable warship it has built domestically, an anti-submarine frigate being assembled at a defence ministry shipyard in the centre of the country.

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Poland Rolls Out The First Of Three Next-Generation Frigates
Industry

Poland Rolls Out The First Of Three Next-Generation Frigates

Poland has rolled out the first of three next-generation frigates being built under a domestic programme, marking a visible milestone in a naval expansion that has accelerated sharply since the start of the war on its eastern border.

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Vessel under construction in a covered building dock
Industry

Korean Shipbuilders Take Different Routes Into The American Market

One Korean shipbuilder is licensing modernisation expertise to an American yard while another has bought a shipyard outright and committed to a five billion dollar expansion.

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Shipyard workers repairing a vessel on a slipway
Industry

Japan Commits Public And Private Funds To Shipbuilding Revival

Japan is committing public and private funds to a shipbuilding revival, targeting a trillion-yen investment and roughly double the output by 2035.

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A welder working on a girder in a shipyard workshop
Industry

Hengli Says It Has Booked 253 Newbuildings In Seven Months

Chinese shipbuilder Hengli Heavy Industry says it has contracted 253 newbuildings in seven months and plans to add 100,000 industrial workers, doubling its headcount.

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Large ship at a fitting-out quay near cranes
Industry

South Korea's big three shipbuilders pass $30bn in first-half orders

South Korea's three largest shipbuilders have booked more than $30bn in orders in the first half of the year, pointing to a shipbuilding super-cycle.

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A welder at work in an industrial workshop
Industry

Hanwha Bids Up To 1.2 Billion Dollars For Austal USA

South Korea's Hanwha has made a preliminary offer of up to 1.2 billion dollars for Austal USA, one of the more strategically significant naval yards in the United States.

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Two workers reviewing plans aboard a vessel
Industry

US Navy Reclassifies Nineteen Virginia-Class Boats As Guided-Missile Submarines

The United States Navy is reclassifying nineteen Virginia-class submarines as guided-missile boats, days after awarding a 42.1 billion dollar contract for nine more.

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A hand signing a contract on a desk
Industry

Trump's 6.8 Billion Dollar Icebreaker Programme Draws Scrutiny Over No-Bid Awards

President Trump's plan for eleven Arctic icebreakers has produced nearly 6.8 billion dollars in contracts awarded without competitive bidding, at a time the Coast Guard had said it needed four or five.

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United States flag flying near the White House
Industry

Study warns Jones Act waiver could cost $2.6bn in shipbuilding demand

A study prepared by PwC for the Transportation Institute has put a price on the waiver of United States cabotage rules, estimating that a sustained suspension could remove up to 2.6 billion dollars a year of shipbuilding demand.

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Aerial view of a shipyard with vessels in dock
Industry

Chinese yards take more than four-fifths of world newbuilding orders

China's shipbuilding industry strengthened its dominance in the first half of 2026, securing more than 80% of worldwide new orders and recording growth across output, orders and backlog simultaneously.

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Ship under construction in a dry dock
Industry

Fincantieri triples first-half profit as backlog reaches €73.9bn

The Italian shipbuilder Fincantieri nearly tripled net profit in the first half of 2026, reporting €102m against €35m a year earlier, while EBITDA rose 12.5% to €350m.

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United States Navy vessel under way at sea
Industry

US Navy awards $76.6bn for fourteen submarines after three-year delay

The United States Navy has awarded General Dynamics Electric Boat and HII $76.6bn in contracts for its next batch of attack and ballistic missile submarines, ending a delay of nearly three years.

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Ship docked at a shipyard with cranes overhead
Industry

Saronic Technologies plans multibillion-dollar shipyard in Texas

Saronic Technologies is planning to invest billions of dollars in a new megayard in Texas, expanding into large-scale US naval shipbuilding.

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A naval combat vessel at a shipyard launch ceremony
Industry

ST Engineering launches second multi-role combat vessel for Singapore Navy

ST Engineering has launched the second Victory-class Multi-Role Combat Vessel for the Republic of Singapore Navy, designed to operate unmanned systems and function as a command ship.

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A large specialised offshore construction vessel
Industry

ZPMC starts building large cable-laying vessel for Far East Cable

Chinese cable manufacturer Far East Cable has started construction of a new multipurpose cable-laying vessel at a Shanghai shipyard, designed for offshore wind, interconnector and telecommunications work.

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A jack-up wind turbine installation vessel at sea
Industry

Chinese-built wind turbine installation vessel Fengsheng delivered to Danish owner

A new Chinese-built offshore wind turbine installation vessel has been delivered to a Danish shipping company, capable of handling the next generation of 20 MW-plus turbines.

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An LNG carrier under construction at a shipyard
Industry

Chinese shipyards close gap on South Korea in LNG carrier orders

Chinese shipyards have narrowed South Korea's long-standing lead in LNG carrier construction, securing more orders than their Korean rivals so far this year as Korean capacity tightens.

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Rows of container ships under construction at a shipyard
Industry

Container ship ordering accelerates as owners chase scarce yard slots

Container vessel ordering picked up sharply in the first half of 2026, with the Post-Panamax segment attracting the strongest demand even as ultra-large vessel orders declined.

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Red-hulled polar icebreaker navigating through ice floes
Industry

US heavy icebreaker programme now expected to slip to 2033, GAO warns

A new US government report projects the first Polar Security Cutter will not be delivered until 2033, with costs for the icebreaker programme now exceeding six billion dollars.

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A large Korean shipyard with cranes over vessels under construction
Industry

Korean shipyards unveil wave of US shipbuilding partnerships

South Korea's largest shipbuilders have unveiled a series of new US partnerships as Washington formally opened the operational centre for its shipbuilding alliance with Seoul.

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A busy Chinese shipyard with multiple hulls under construction
Industry

Chinese shipyards smash annual newbuilding order record in just six months

Chinese shipyards booked more new tonnage in the first half of 2026 than in any previous full year, according to official data, tightening the country's grip on the global newbuilding market.

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Workers on scaffolding inside a large shipyard construction hall
Incident

Hyundai Heavy halts operations after second fatal accident in ten days

HD Hyundai Heavy Industries suspended production across all its facilities for a day of safety training after a worker was killed in a gondola accident, the company's fourth fatal incident this year.

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An offshore support vessel operating near an oil terminal
Vessel sales

Saudi Arabia to add two new offshore support vessels at Ras Tanura

Grandweld Shipyards has agreed to build two new offshore support vessels for Bahri Logistics, expanding capacity to serve Saudi Arabia's Ras Tanura energy hub.

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Crude oil tanker under way
Industry

Titan Wind Energy enters China's tanker-building ranks

Chinese renewables firm Titan Wind Energy has secured its first order for conventional crude tankers.

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Frigate under construction at a shipyard
Industry

Navantia lays the keel of a new frigate seven months ahead of schedule

Navantia has laid the keel of the third frigate in its F110 programme seven months ahead of schedule.

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Naval vessel under way at sea
Industry

Chile's Asmar builds two naval ships at once in a signal of intent

Chile's state shipyard has launched a large multipurpose naval vessel while starting work on its sister ship.

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Naval vessel under way at sea
Industry

China building what may be the world's largest naval supply ship

China appears to be building what may be the world's largest naval supply ship, satellite images suggest.

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