The Norwegian Offshore Directorate has granted Aker BP a drilling permit for a wildcat well in the North Sea.The permit is ...

Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after news that its second-largest shareholder, Korea ...

South Korea's state-run Korea Development Bank plans to sell its shares in Hanwha Ocean , Maeil Business Newspaper reported ...

Hanwha, which bought the South Philly yard last year, wants to add waterfront land and may expand into South Jersey.

Swiss-based owner Advantage Tankers is adding to its VLCC fleet with a rare big tanker order in South Korea. Chief executive ...

Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering (DSME), is also aggressively expanding its offshore footprint. Last June, it acquired a 100% stake in Philly Shipyard Inc., becoming the ...

The United States is looking to South Korea as it tries to boost shipbuilding capacity in response to the “desperate reality” of China’s rapid navy build-up, a move that could strengthen US ...

Daehan Shipbuilding is pushing for a stock market listing amid a boom in the shipbuilding industry. After going through a workout and corporate rehabilitation process during the shipbuilding ...

Shortly after concluding a phone call with South Korea’s acting President Han Duck-soo on Apr. 8, U.S. President Donald Trump took to Truth Social to highlight “one-stop shopping,” referencing ...

US President Donald Trump signed an executive order on Wednesday aimed at reviving US shipbuilding and reducing China’s grip on the global shipping industry, vowing to boost funding for the ...

Fincantieri Ingenium aims to fast-track the digital evolution of cruise, defense, and port infrastructure sectors by leveraging the combined strengths of Fincantieri's shipbuilding knowledge and ...

American shipyards will again be absent from a key annual summit for the global shipbuilding industry, in the latest sign that the United States is charting a lonely course as it strives to revive ...