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 [...]
SEOUL, May 15 (Korea Bizwire) — U.S. Trade Representative (USTR) Jamieson Greer was scheduled to meet with the chief executive officers (CEOs) of HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., South Korea’s leading shipbuilders, on the sidelines of an Asia-Pacific Economic Cooperation (APEC) trade ministers’ meeting this week, industry sources said Thursday. Greer [...]
SEOUL, May 1 (Korea Bizwire) — HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., South Korea’s leading shipbuilders, have pledged to strengthen cooperation with the United States in naval shipbuilding and maintenance during a visit by a top U.S. Navy official this week, according to the companies Thursday. U.S. Secretary of the Navy John [...]
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 [...]