Hanwha Ocean
Hanwha Ocean News
Hanwha Makes $1.2B Offer for Austal USA
Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market.Austal shares rose more than 16%, logging their best intraday jump since mid-February. The stock was the top gainer on the benchmark ASX 200 index .AXJO, which traded 0.2% higher as of 0125 GMT.Hanwha Defence USA offered to buy Austal's U.S.
US Officials Work to Close Supply Chain Gaps as Foreign Investment Grows
U.S. officials on Monday said they are working closely with foreign investors to identify gaps in the U.S. manufacturing supply chain and to help small- and medium-sized businesses scale up to meet rising demand as foreign investments surge.Assistant Secretary of the Treasury Chris Pilkerton and Small Business Administrator Kelly Loeffler told Reuters that U.S. President Donald Trump's tariffs on foreign imports and deregulation were fueling foreign investments in manufacturing…
KUSPC: Commercial Shipbuilding’s New Partnership or an Outlet to Support Defense Acquisitions?
On July 23rd, 2026 Amtech, courtesy an invitation from the U.S. Department of Commerce, attended the Grand Opening of the Korea-U.S. Shipbuilding Partnership Center (KUSPC) in Washington DC, a Secretary level event with invitations provided to recognized leaders in the U.S. commercial and naval shipbuilding industry. Amtech has been working with Commerce from the initial release of the first Executive Order issued to recover and develop U.S. maritime dominance.
Fourth NSMV Lone Star State Christened for Texas A&M Maritime Academy
The fourth of five National Security Multi-Mission Vessels (NSMVs), Lone Star State, was christened on July 17 at Hanwha Philly Shipyard in Philadelphia, marking another milestone in the U.S. Maritime Administration's next-generation training ship program.Built by Hanwha Philly Shipyard under the Vessel Construction Manager (VCM) model managed by TOTE Services, the vessel will be delivered to Texas A&M Maritime Academy this fall…
MISC Names LNG Carrier Vessel Pair
MISC Group (MISC) named two new generation Liquefied Natural Gas (LNG) carriers, Seri Dian and Seri Dayang, on May 7, 2026. The addition of these vessels further strengthens its long-standing partnership with SeaRiver Maritime LLC (SRM), a wholly owned subsidiary of ExxonMobil.Constructed by Hanwha Ocean Co., Ltd., the 174,000 CBM LNG carriers are equipped with smart and energy-efficient technologies…
Hanwha Ocean Partners with Thordon Bearings on Canadian Submarine Bid
South Korea’s Hanwha Ocean and Canadian marine bearing manufacturer Thordon Bearings have signed a memorandum of understanding (MoU) to explore cooperation on Canada’s submarine procurement program and other naval projects.The agreement focuses on the Canadian Patrol Submarine Program, one of the largest conventional submarine procurement programs currently planned, under which Hanwha Ocean has been…
Hanwha Ocean and Leidos Partner on Naval Shipbuilding
Hanwha Ocean and Leidos are collaborating to advance next-generation naval ship design, strengthen U.S. shipbuilding capacity, and pursue opportunities across global defense markets.Hanwha Ocean’s shipbuilding, combined with Leidos’ naval design and engineering expertise, is intended to deliver scalable, production-ready solutions aligned with evolving U.S. Navy and allied needs. The companies plan to focus on:• Adapting Hanwha ship designs for full alignment with U.S.
Dorian LPG Takes Delivery of Dual-Fuel 93,000cbm Areion
Dorian LPG took delivery of its 93,000 cubic meter (cbm) dual-fuel newbuilding named Areion an LPG and ammonia very large gas carrier (VLGC/AC) from Hanwha Ocean Heavy Industries Co., Ltd. at the Okpo Shipyard in South Korea. Areion will commence employment on charter under the Helios LPG Pool, an entity jointly controlled by Dorian LPG Ltd and MOL Energia Pte Ltd., with offices in Copenhagen and Singapore.DID YOU KNOW?
Hanwha Ocean Partners with Ontario Shipyards
Hanwha Ocean and Ontario Shipyards have signed a strategic Memorandum of Understanding (MoU) to accelerate the return of large-scale shipbuilding in Ontario and to strengthen Canada's ability to deliver future naval programs.In parallel, Hanwha Ocean, Ontario Shipyards and Mohawk College have entered into a Letter of Intent (LoI) to establish an embedded shipbuilding training hub at Ontario Shipyards' Hamilton facility…
NOV’s GustoMSC to Design Korea’s Wind Turbine Installation Vessel
GustoMSC, through its parent company NOV, has secured contracts for the design and supply of critical equipment for Hanwha Ocean’s new wind turbine installation vessel (WTIV), based on the GustoMSC NG-16000X design, with delivery scheduled for the second quarter of 2028.The vessel will be the fourth based on the NG-16000X platform, following an initial U.S.-built unit and two vessels for Cadeler currently under construction at Hanwha Ocean.Designed to support Korea’s offshore wind ambitions…
Hanwha Enters Pre-Qualification for Offshore Wind Bid in Nova Scotia
Together with its sister company Hanwha Ocean, Q ENERGY France, a Hanwha company, has announced its participation in the pre-qualification process to participate in a call for bids for seabed licenses to develop offshore wind projects in Nova Scotia, Canada.The move underscores the company’s ambition to contribute to Canada’s clean energy transition through large-scale, sustainable offshore wind developments.As part of the Hanwha Group…
Shipbuilding: DHT Accepts New VLCC
DHT Holdings, Inc. has taken delivery of a VLCC newbuilding from Hanwha Ocean Co., Ltd. The vessel is named DHT Antelope and is entering the spot market. It is the first of a series of four VLCC newbuildings to be delivered to the company during the first half of 2026. The newbuildings are fully funded and will increase the Company’s customer offerings and earnings power. The next newbuilding is scheduled to deliver early March 2026.
Cadeler’s WTIV Newbuild En Route to Europe for Maiden Offshore Wind Job
Hanwha Ocean has delivered the Wind Mover wind turbine installation vessel (WTIV) to offshore wind contractor Cadeler, completing the second vessel in the company’s M-class series about one month ahead of schedule.The vessel was formally signed over on November 28 and sailed away on December 2, following a naming ceremony at Hanwha Ocean’s shipyard in Korea.Wind Mover is the second of two WTIVs ordered by Cadeler in 2021, with the first vessel, Wind Maker, delivered in January 2025.
Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal
Hanwha Ocean, one of the leading shipbuilders in South Korea, has awarded ABB the contract to supply a complete electric power and propulsion system for Singapore’s first floating liquefied natural gas (LNG) terminal.ABB ’s integrated electrical system on board the Floating Storage and Regasification Unit (FSRU) will comprise a medium voltage generator, 6.6kV switchboards for cargo and regasification…
Hanwha to Boost Investment in Philly Shipyard
Business Korea reports that Hanwha Ocean plans to invest an additional minimum of $70 million in Philly Shipyard.The aim is to increase productivity to 10 ships per year by 2035, up from the current rate of 1 to 1.5 ships per year.Hanwha Ocean acquired Philly Shipyard in December last year for $100 million and renamed it Hanwha Philly Shipyard.Hanwha seeks to build on the success of Philly Shipyard, established in 1997, that delivered around 50% of all large ocean-going U.S.
South Korea's Political, Business Leaders Push for U.S. Tariff Deal
Three cabinet-level South Korean officials met U.S. Commerce Secretary Howard Lutnick in Washington for trade talks, Seoul said on Wednesday, as top business leaders were also reported to be flying in to help lobby for a deal on U.S. tariffs.South Korean Finance Minister Koo Yun-cheol joined Industry Minister Kim Jung-kwan and Minister for Trade Yeo Han-koo, who have been in Washington since last week…
Shipbuilding is a Leverage Point in South Korea's Trump Tariff Negotiations
South Korea and the United States havehttps://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214 been discussing a shipbuilding tie-up that could include investments to modernize U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and industry sources said.U.S. President Donald Trump, who has made revitalizing the aging U.S. shipbuilding industry a priority to keep up with China…
Hanwha Ocean Selected as Preferred Bidder for Icebreaking Research Vessel
Hanwha Ocean has been selected as the preferred bidder for an icebreaking research vessel project, led by the Ministry of Oceans and Fisheries and intended for polar research at the Polar Research Institute, an affiliate of the Korea Institute of Ocean Science and Technology.The contract is expected to be signed this month, with the vessel completed by December 2029.The 16,560 gross ton vessel will…
Hanwha Ocean’s FPSO Cybersecurity Concept Gets ABS’ Nod
A new cybersecurity solution from Hanwha Ocean to protect critical infrastructure and operations on board floating production storage and offloading (FPSO) units received approval in principle (AiP) from American Bureau of Shipping (ABS).Hanwha Ocean, in conjunction with SIGA Data Security, developed an Operational Technology (OT) cybersecurity solution that is specifically designed to protect critical OT systems from cyber threats…
New Partnership for Standards on Ammonia-Fueled Ships
KR (Korean Register) has launched a joint working group to establish international standards for the safe discharge of toxic ammonia effluent generated from ammonia-fueled ships.The initiative brings together Korean major shipbuilders, including HD Hyundai Heavy Industries (HD HHI), HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Samho, Samsung Heavy Industries (SHI), and Hanwha Ocean…
