Tag: hanwha ocean

hanwha ocean

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An exterior of a building is seen damaged due to heavy rain in Geoje, South Gyeongsang, on Aug. 17.

Geoje shipyards tell workers to stay home amid record rainfall

Hanwha Ocean and Samsung Heavy Industries instructed their employees to stay home as a torrential downpour made roads impassable and prompted worksite damage checks.

2026.8.17

The next fleet of Washington's warships could be Korean

Trump’s new policy could let qualifying Korean shipbuilders build up to two U.S.-bound vessels at home while expanding U.S. shipyard investment.

2026.8.14

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Grey naval destroyer sailing on open water beneath dramatic cloud cover.

Hanwha Ocean signs 7.8 trillion won contract to build Korea's next-generation destroyer

The deal comes after a month of negotiations with the Defense Acquisition Program Administration to design and build the first homegrown Aegis-class warships, with the lead ship of the program scheduled to enter service in 2032.

2026.7.31

Strong chip demand, weak won lift Korea Inc.'s Q2 profits

Hanwha Ocean, LG Innotek and other major companies reported sharp earnings gains as chip demand stayed strong and the weak won boosted exporters.

2026.7.27

Korea-U.S. Shipbuilding Partnership Center opens as Korean firms step up joint projects

HD Hyundai, Hanwha Ocean and Samsung Heavy Industries signed new deals for design, technology and work force development as Washington moves to revive U.S. shipbuilding.

2026.7.24

Jang Bogo-class submarine built by Hanwha Ocean

Korean shipbuilders to square off next in Saudi Arabia, Thailand and Greece

HD Hyundai Heavy Industries and Hanwha Ocean are set to split bids for Saudi Arabia’s naval program while preparing for fiercer overseas competition.

2026.7.24

U.S. House Appropriations subcommittee officials toured Korean shipyards in July: Sources

A defense appropriations delegation visited Hanwha Ocean and HD Hyundai yards as Washington weighs expanding shipbuilding cooperation.

2026.7.23

A gray naval warship moves through blue ocean waters with mountains visible in the distance.

Korean yards bring strong reputation to Thai navy bid. But will it be enough?

Hanwha Ocean and HD Hyundai compete for Thailand’s frigate contract as Seoul looks to revive naval exports despite Bangkok’s political and budget risks.

2026.7.16

Hanwha Ocean bags $265M deal for 2 very large crude carriers

With the contract, the shipbuilder has secured over $4.6 billion in orders this year for 27 vessels, including liquefied natural gas and ammonia transporters.

2026.7.15

A KSS-III submarine is moored beside naval vessels at Canadian Forces Base Esquimalt during a joint exercise arrival.

Hanwha offered the world in its failed Canada submarine bid. Will that hurt Korea in future arms deals?

Despite a lavish offer, Korea’s failed bid exposed how NATO politics, product fit and negotiating strategy can outweigh technology in major defense deals.

2026.7.8