Story perspectives

South Korea's Shipbuilding Surges Amid US Market Changes

10/14/2025

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Summary

Story summary

In the third quarter of 2025, South Korea's shipbuilding market share rose to 25.9% while China's fell to 58.8%.
HD Hyundai is exploring expansion into the United States through potential acquisitions or new shipyards, supported by partnerships and a joint investment program.
However, high United States shipbuilding costs and the Jones Act remain challenges.
The United States plans to implement port fees on Chinese ships, further complicating the competitive landscape.

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Story summary

In the third quarter of 2025, South Korea's shipbuilding market share rose to 25.9% while China's fell to 58.8%.
HD Hyundai is exploring expansion into the United States through potential acquisitions or new shipyards, supported by partnerships and a joint investment program.
However, high United States shipbuilding costs and the Jones Act remain challenges.
The United States plans to implement port fees on Chinese ships, further complicating the competitive landscape.