HD Hyundai Heavy Industries expands market share
The shipbuilder reached a 40.6% market share in the first half of 2026.
The shipbuilder HD Hyundai Heavy Industries increased its market share to 40.6% during the first half of 2026. This follows a share of 28.5% in 2025 and 15.1% in 2024. The company said it is focusing on sales of high-value vessels as most shipyards currently possess more than 3.5 years of work, creating a market environment favorable to shipbuilders.
Consolidated revenue for the first half of 2026 was primarily driven by the shipbuilding division, which accounted for 77.87% of total sales. The engine and machinery business contributed 14.95%, while offshore plants represented 6.82%. Other activities made up 0.36% of the total.
To increase production capacity, the company is executing investment plans across its shipbuilding, offshore plant, engine machinery, and other divisions throughout 2026. These investments involve machinery and production equipment. The company noted that the 2026 investment estimates may be adjusted based on corporate conditions, and plans for 2027 and beyond remain undecided.
Regarding technical development, the company is researching next-generation alternative fuels and dual-fuel propulsion technology to meet stricter environmental regulations. The company said it intends to maintain a competitive edge in the future vessel market through differentiated product development.
External factors such as global supply chain shifts and geopolitical risks continue to influence the industry. The company stated that its business is sensitive to global economic trends, including interest rates, exchange rates, and oil prices, as well as shipping market movements.