Hanwha Ocean of South Korea secured a $1.8 billion offshore wind engineering contract for the 390-MW Shinan Ui project in December 2025 while also positioning itself to take part in expanded U.S. Navy warship construction under President Trump's Golden Fleet initiative.
Shipbuilding industry achieved a number of impressive wins during the otherwise quiet newbuilding week. Cadeler took delivery of their latest wind installation vessel from Korea; QatarEnergy named large LNG carriers at a major Korean yard; Fincantieri s revised US Navy frigate deal robbed their order book of a significant chunk of naval work; the raft of offshore, tanker, hybrid icebreaker projects across Europe and North America.
November 2025 saw a number of hardware deliveries, redeployment opportunities and regulatory advances across the FPSO space. Drydocks World converted an EMEM FPSO for use offshore Nigeria, while it also offered a redeployment opportunity in the West Africa space, with a Tamara Tokoni. Meanwhile, in FPSO related news, Petrobras changed up its long term fleet, and ABS added remote control capability to FPSOs.
Hanwha Ocean marched closer to its objective(s) this month, beginning with its successful announcement of the container ship order from HMM, bolstering naval export with new agreements in Thailand and Canada, and making progress in ammonia fuel system development through corporate friends such as Alfa Laval. In other news, the Chinese authorities eased restrictions on a few Hanwha Ocean subsidiaries, highlighting the complexities of the geopolitical operating environment they are based in.
Evergreen marine will cement its place among the world’s leaders in container shipping, buying 14 LNG dual-fuel boxships of 14,000-TEU capacity from Samsung Heavy Industries and Guangzhou Shipyard International for about $2.8-$3bn by November 2025.
November 17-24, 2025: A sanctions trial against the Dutch shipbuilder Damen Shipyards. The plans for international partnerships investing in U.S. yards, and expanding operations, to revive and upgrade the American shipbuilding capability were also progressing.