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Submarine Blueprints Developed by Daewoo Shipbuilding & Marine Engineering Leaked to Taiwan, Police Investigation Underway

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 [...]

Hanwha Ocean Clinches 1.1 tln-won Deal to Build 3,600-ton Submarine

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 [...]

Hanwha Ocean Wins 163 Bln-won Ammonia Ship Order

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 [...]

Hanwha Ocean Wins 656.2 Bln-won Order for 4 Ammonia Carriers

SEOUL, Nov. 14 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Tuesday it has bagged a 656.2 billion-won (US$498 million) order for four very large ammonia carriers (VLAC) from a Greek shipper. The vessels will be constructed at Hanwha Ocean’s shipyard in Geoje on the south coast and delivered to Naftomar Shipping [...]

Hanwha Ocean Inks 4-way Deal on Development of Liquefied CO2 Carrier

SEOUL, Sept. 21 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Thursday it has signed an agreement with three foreign institutions on the development of a large liquefied carbon dioxide carrier. The deal calls for Hanwha Ocean and the institutions to share their know-how and experiences to develop a 40,000-cubic-meter liquefied CO2 [...]

Hanwha Ocean Wins Green Tech Certifications at Global Gas Fair

SEOUL, Sept. 8 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a series of certifications for eco-friendly technologies from major global maritime rating agencies at an ongoing world gas industry exhibition. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), has obtained an approval in principle (AIP) [...]

Hanwha Ocean to Raise 2 tln Won via Stock Sale

SEOUL, Aug. 23 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Wednesday it will raise 2 trillion won (US$1.5 billion) via a rights offering to secure funds for facility investments and other purposes. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), will issue some 89.48 million common shares at a [...]

Hanwha Ocean Succeeds in Localizing Key Devices of Sub Sonar

SEOUL, July 12 (Korea Bizwire) — South Korean shipbuilder Hanwha Ocean Co. said Wednesday it has succeeded in developing three key devices of a submarine sonar system. They include a sonic depth finder, a sonar beacon and an underwater environment measuring apparatus, which could help boost the operational capability and viability of a submarine, Hanwha [...]