A few choice 'news of note' from other leading new sources around the globe - January 6, 2025.2025 Target: $18.5B in Shipbuilding Order According to Business Korea, HD Korea Shipbuilding & Offshore Engineering
A few choice 'news of note' from other leading new sources around the globe - January 6, 2025.
- 2025 Target: $18.5B in Shipbuilding Order
According to Business Korea, HD Korea Shipbuilding & Offshore Engineering set its shipbuilding target for 2025 at $18.5B, a mammoth jump from last year's $13.5B target. Of the $18.5B, $9.7 is targeted to HD Hyundai Heavy Industries; $3.8B for HD Hyundai Mipo; and $4.5B for HD Hyundai Samho.
- In the Navy [Business]
In related but separate news from the South Korean shipbuidling sector, also reported by Business Korea, Hanwha Ocean and HD Hyundai Heavy Industries are taking significant steps to enter the U.S. Navy ship repair fraternity. Read the Full Story Here. It is not secret that the U.S. Navy is in need of shipbuilding capacity, and in turn it has sought to forge relationships globally, in both shipbuilding, ship maintenance and repair. Hanwha Ocean made history last year as the first Korean company to win a maintenance project for a U.S. Navy ship, winning the contract for a 40,000-ton logistics support ship.
- Chinese Vessel Suspected in Another Subsea Cable Drag
Bloomberg News is reporting that Taiwan suspects that a subsea cable damaged late last week
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