SEOUL, May 7 (Korea Bizwire) — Officials from South Korean shipbuilder HD Hyundai Heavy Industries Co. have filed a criminal complaint against Hanwha Ocean Co. for alleged misrepresentation of facts and defamation in connection with the leak of military secrets, police said Tuesday. They lodged the complaint with the police Friday, alleging that Hanwha Ocean [...]
SEOUL, May 3 (Korea Bizwire) — South Korean shipbuilders have been exploring opportunities to enter the U.S. Navy’s maintenance, repair and overhaul (MRO) market, aligning with the United States’ efforts to revitalize its declining shipbuilding industry through collaboration with its Asian allies. HD Hyundai Heavy Industries Co. (HHI) and Hanwha Ocean Co. are pursuing partnership [...]
SEOUL, Apr. 17 (Korea Bizwire) — Hanwha Ocean Co., the world’s third-largest shipbuilder by order backlog, said Wednesday it has clinched a 176.4 billion-won (US$127 million) order to build a liquefied petroleum gas (LPG) carrier for a shipper based in the Americas. Hanwha Ocean will build the vessels at its shipyard in Geoje on the [...]
SEOUL, Apr. 2 (Korea Bizwire) – Hanwha Group, South Korea’s chemical-to-defense industry conglomerate, sees a good chance of acquiring Australian shipbuilder Austal, as it has expanded defense businesses in Australia, including a deal for K9 self-propelled howitzers, a group official said Tuesday. “Given that Hanwha Group is in the process of carrying out defense projects [...]
SEOUL, Apr. 2 (Korea Bizwire) — Hanwha Ocean Co., the world’s third-largest shipbuilder by order backlog, said Tuesday it has bagged an order worth 1.24 trillion won (US$919.6 million) to build four liquefied natural gas (LNG) carriers for an Asian shipper. Hanwha Ocean said it will build the vessels at its shipyard in Geoje on [...]
SEOUL, Feb. 23 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a 342 billion-won (US$256 million) order for two very large crude carriers (VLCCs) from an Oceanian shipper. The VLCCs will be built at Hanwha Ocean’s shipyard in Geoje on the south coast and delivered to the undisclosed [...]
SEOUL, Jan. 22 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Monday it has clinched a 331.2 billion-won (US$247 million) order for two very large ammonia carriers (VLACs) from an Oceanian shipper. The eco-friendly vessels will be constructed at Hanwha Ocean’s shipyard in Geoje on the south coast and delivered to the [...]
GEOJE, Jan. 4 (Korea Bizwire) –Daewoo Shipbuilding & Marine Engineering, currently known as Hanwha Ocean, is embroiled in a security breach involving the leak of submarine blueprints to Taiwan, with the South Korean police conducting an investigation. According to police reports on January 4, the South Gyeongsang Provincial Police Agency has begun an investigation into [...]
SEOUL, Dec. 22 (Korea Bizwire) – South Korean shipbuilder Hanwha Ocean clinched a 1.1 trillion-won (US$845 million) deal Friday to build a 3,600-ton submarine for the Navy, the state procurement agency said. Hanwha Ocean signed the deal with the Defense Acquisition Program Administration (DAPA) to construct the third and last submarine under the Changbogo-III Batch-II [...]
SEOUL, Nov. 27 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding unit of chemical-to-aerospace conglomerate Hanwha Group, said Monday it has received a 163 billion-won (US$125 million) ammonia ship order from an unspecified client in the Oceania region. Hanwha Ocean will build the ammonia carrier by September 2026 for the unidentified shipper in the Oceania [...]