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A bullish Evergreen Marine has finalized an order for 11 ultra-large container ships worth $3 billion with two Asia builders. The post For $3 billion, ocean line expands fleet by 250,000 TEUs appeared first on FreightWaves.

The company said that two LNG carriers are set to be delivered to an undisclosed client in Africa by May 2029.

Algoma Steel Group (NASDAQ:ASTL) executives said the company is reshaping its business around Canada as the 50% U.S. Section 232 tariff has “effectively closed” the American market to its products, driving lower shipments, higher costs, and pressure on realized pricing during the fourth quarter and

Hanwha Ocean has been involved in the Leviathan Expansion Project since Q3 2024.

NOV has been awarded contracts by Hanwha Ocean for the design and supply of critical equipment for a next-generation wind turbine installation jack-up vessel, based on its GustoMSC NG-16000X design.

In January 2026, Algoma Steel Group and Hanwha Ocean signed a binding memorandum of understanding tied to Canada’s Patrol Submarine Project, outlining a long-term framework that could involve up to US$250 million for a potential beam mill and product purchases if conditions are met. This prospective arrangement positions Algoma as a more integral supplier to Canada’s defense industrial base, with implications for domestic manufacturing capacity and skilled employment should the contemplated...

FRANKFURT/DUESSELDORF, Jan 21 (Reuters) - Warship builder TKMS is in talks with Norwegian and German companies to offer a multi-billion-dollar investment package to Canada in a fiercely competitive submarine tender, its CEO said, ​seeking to beat a rival South Korean bid. The talks go beyond submarines and cover possible investment commitments in rare earths, ‌mining, artificial intelligence and battery production for the automotive sector, Oliver Burkhard told Reuters.

The company will supply 26 of its V236-15.0MW offshore wind turbines.