SEOUL, Nov. 14 (Korea Bizwire) — South Korean shipyards appear upbeat over potential opportunities to expand their business in America after U.S. President-elect Donald Trump’s call for more bilateral cooperation in the sector. In his phone conversation with South Korean President Yoon Suk Yeol following his election victory last week, Trump said the U.S. seeks to work [...]
SEOUL, Nov. 11 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has secured a 713.5 billion-won (US$511.6 million) deal to build two liquefied natural gas carriers, contributing to the company’s strong cumulative order value, the largest among South Korean shipbuilders this year. The 174,000-ton vessels will be built at Hanwha [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korea has cut steel for its third and last 3,600-ton-class naval submarine, the state arms procurement agency said Wednesday, amid efforts to bolster underwater defense capabilities against North Korean threats. The steel-cutting ceremony for the final series of three Changbogo-III Batch-II class submarines took place at shipbuilder Hanwha [...]
SEOUL, Sept. 23 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has signed a partnership with the American Bureau of Shipping to jointly develop advanced offshore technologies. Under the agreement, signed during Gastech 2024, an international energy exhibition, in Houston, Texas, last week, the collaboration between Hanwha Ocean and ABS [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hanwha Ocean Co., a major South Korean defense and shipbuilding company, said Tuesday it has begun maintenance, repair and overhaul (MRO) services for a 40,000-ton logistics support vessel of the U.S. Navy. The Wally Schirra arrived at Hanwha Ocean’s shipyard in Geoje on the southern coast of South Korea [...]
SEOUL, Jul. 26 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding and defense industry unit of South Korea’s Hanwha Group, said Friday it has been selected as the preferred bidder for the 460.1 billion-won (US$322.2 million) project to build the South Korean Navy’s logistics support ship, AOE-II. Hanwha Ocean will sign a contract with the [...]
SEOUL, Jul. 22 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has signed a deal with U.S. Naval Supply Systems Command to join potential projects for the repair and maintenance of U.S. warships. Under the Master Ship Repair Agreement, Hanwha Ocean will be eligible for repair and maintenance projects for [...]
SEOUL, Jul. 1 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has won orders totaling 2.15 trillion won (US$1.55 billion) for eight carriers from two Middle Eastern shippers. Hanwha Ocean will build four liquefied natural gas (LNG) ships for one undisclosed Middle Eastern shipper at a cost of 1.43 trillion [...]
SEOUL, Jun. 10 (Korea Bizwire) — South Korea’s major shipbuilder Hanwha Ocean Co. said Monday it has launched a new wind turbine installation vessel (WTIV). Ordered by Cadeler Inc. in 2021, the WTIV measures 148 meters in length and 56 meters in width. It is capable of sailing while carrying five offshore wind turbines, each [...]
SEOUL, May 31 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding and defense industry unit of South Korea’s Hanwha Group, said Friday it has partnered with three Canadian technology firms to enhance cooperation as part of its effort to bid for Canada’s maritime procurement project. During Canada’s Global Defence & Security Trade Show in Ottawa, [...]