Industrial Machinery #shipyard#revival
Korean Shipyard Gunsan Moves Closer to Revival After Nine-Year Hiatus with First Newbuilding Order
The Gunsan Shipyard, dormant since 2017, has signed a letter of intent for four aframaxes, marking its first newbuilding commitment. J Ocean Heavy Industries, backed by Eco Prime Marine Pacific, plans to acquire the yard from HD Hyundai Heavy Industries by year-end, potentially easing capacity constraints in Korean shipbuilding.
Jun 29, 2026 1 source