Pacific Radiance, an APAC offshore vessel operator, recently received Prosperous 6 from Chartwell Marine - an efficient crew transfer vessel capable of exceeding 25 knots during trials with superior fuel efficiency. Based on this success, Pacific Radiance committed to five additional vessels to meet rising offshore wind demand across Taiwan, South Korea and Japan.
In December 2025, the Philippines initiated their inaugural dedicated offshore wind auction of 3.3 GW capacity at Pambujan and Sta. Clara ports. South Korea awarded Vestas with 390MW contract while US projects such as Empire Wind were issued stop-work orders or Vineyard Wind faced policy uncertainty; these events highlighted divergent regional trajectories for marine energy development.[58 words]
NYK Line advanced its sustainability agenda through several partnerships in December 2025, such as investing in LNG carrier investments with Ocean Yield, entering Heads of Agreement with JERA for low-carbon ammonia transport and renewing their decarbonization MoU with BHP. They also initiated a U.S. methanol supply study as well as earning CDP A List recognition once more demonstrating their leadership in maritime decarbonization.
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.
HD Hyundai also won its biggest container ship order since 2007, taking on a US$1.46 billion contract from HMM for eight ultra-large 13,400 TEU LNG dual fuel vessels. At the same time it extended US collaboration with an MOU with Huntington Ingalls Industries and Siemens partnerships to improve American shipbuilding capabilities.
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.
During these five days, a whole host of naval developments took place that suggested an accelerating trend toward modernization of many of the world’s sea forces; Turkey trials the LEVENT missile system for naval air defence functions, South Korea unveils the latest FFX Batch III frigate, to be ROKS Jeonnam, and Brazil commissioned its third Riachuelo-class submarine, Admiral Karam, as tangible proof of changing priorities and broadened aspirations.
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.