SEOUL, March 17 (Korea Bizwire) — Hanwha Ocean Co. said Monday it has secured a 2.3 trillion-won (US$1.59 billion) order from Evergreen Marine Corp. of Taiwan to build six ultra-large liquefied natural gas (LNG) carriers. The 24,000 twenty-foot equivalent unit (TEU) ships will feature advanced eco-friendly technologies by Hanwha Ocean, including dual-fuel engines and shaft [...]
SEOUL, Feb. 20 (Korea Bizwire) — Hanwha Ocean Co. said Thursday it has successfully delivered the company’s 200th liquefied natural gas (LNG) carrier, marking a major milestone in the shipbuilding industry. According to Hanwha Ocean, the vessel was delivered to SK Shipping Co., which will operate the vessel under a South Korean consortium in the [...]
SEOUL, Feb. 3 (Korea Bizwire) —Hanwha Ocean Co. said Monday it has successfully delivered a large wind turbine installation vessel (WTIV) to global offshore wind farm builder Cadeler one month ahead of its planned delivery date. Ordered in 2021, the WTIV, measuring 148 meters in length and 56 meters in width, is capable of carrying [...]
SEOUL, Nov. 29 (Korea Bizwire) — Hanhwa Ocean Co. said Friday it has signed a strategic cooperation agreement with Britain’s Babcock International Group for joint global naval export projects. Under the agreement signed Thursday, Hanwha Ocean and Babcock will cooperate on joint submarine exports to Canada and Poland. They also agreed to provide customized solutions [...]
SEOUL, Nov. 26 (Korea Bizwire) – Two of South Korea’s biggest shipbuilders have withdrawn their legal complaints against each other, marking a potential turning point in their fierce rivalry amid a historic boom in the nation’s defense industry. HD Hyundai Heavy Industries and Hanwha Ocean announced on November 25 that they would drop their respective criminal [...]
SEOUL, Nov. 22 (Korea Bizwire) — Hanwha Ocean Co. said Friday it has decided to withdraw its complaint filed with the police against shipbuilding rival HD Hyundai Heavy Industries Co., citing what it called a need to cooperate for national interests. “We believe withdrawing the complaint is the right course of action to ensure the [...]
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 [...]