Officials from Hanwha Ocean Co. and two Polish shipyards, PGZ SW and Nauta, pose after signing separate memorandums of understanding for cooperation on Poland’s naval vessel project during the International Maritime Defense Industry Exhibition in Busan, about 325 kilometers south of Seoul, on May 29, 2025, in this photo provided by the South Korean company. (Yonhap)
SEOUL, May 29 (Korea Bizwire) — Hanwha Ocean Co., a major South Korean shipbuilder, said Thursday it has signed preliminary agreements with two Polish shipyards to cooperate on naval vessel construction and maintenance.
The company signed separate memorandums of understanding (MOUs) with PGZ SW and Nauta Shipyard during the ongoing International Maritime Defense Industry Exhibition (MADEX 2025) at BEXCO in Busan, about 325 kilometers south of Seoul, Hanwha said in a press release.
“The MOUs with Poland’s leading shipyards are not just technological partnerships between companies. They will also serve as a bridge for bilateral cooperation between the two countries in the shipbuilding sector,” a Hanwha official said.
The partnerships are part of Hanwha Ocean’s efforts to secure a favorable position in Poland’s Orka Project, a submarine procurement program estimated to be worth up to 8 trillion won (US$5.8 billion).
Under the agreement with PGZ SW, Hanwha will cooperate in the joint development of offshore patrol vessels (OPVs), surface vessels, support ships and unmanned underwater systems, the company said.
With Nauta Shipyard, a dominant player in Poland’s naval maintenance, repair and overhaul (MRO) market, Hanwha plans to enhance its submarine MRO capabilities.
Both PGZ SW and Nauta Shipyard are subsidiaries of Poland’s state-run defense group PGZ.
(Yonhap)
