Hanwha Ocean
Hanwha Ocean News
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…
Hanwha Group gets Green Light to Increase Austal Stake
Hanwha Group received the OK from the U.S. Committee on Foreign Investment (CFIUS) to increase its shareholding in Australian shipbuilder Austal to 19.9% from the current 9.9%, the South Korean conglomerate said.Austal, which supplies defence vessels to the U.S. Navy, is seeking independent verification of this approval, according to a separate statement.Hanwha, which currently holds a 9.9% stake in Austal and holds a further 9.9% economic interest through a cash-settled total return swap…
Hanwha Ocean Teams Up with KR for New Ammonia-Fueled and LNG Carriers
KR (Korean Register) has signed two memoranda of understanding (MOUs) with Hanwha Ocean which cover the joint development of a 150K ultra-large ammonia carrier and an LNG carrier featuring a forward deckhouse arrangement.The 150K ammonia carrier project aims to develop an ultra-large vessel capable of transporting substantial volumes of ammonia, while also utilizing ammonia as marine fuel. Special emphasis will be placed on safety design…
TMC Books Compressors Orders for FPSO and LNG Vessels
TMC Compressors (TMC) has secured orders for complete marine compressed air systems for 12 liquefied natural gas (LNG) vessel newbuilds and one floating production storage and offloading (FPSO) unit.As part of the first order, Hanwha Ocean picked TMC to deliver the marine compressed air system to 12 LNG vessels the South Korean shipbuilder is constructing for an undisclosed LNG shipping major.Under the contract…
Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship
Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry.The Tidal Action is built on Hanwha Ocean’s proprietary design and is capable of drilling at depths of up to 12 kilometers in waters as deep as 3.6 kilometers.The drillship is also equipped with a dynamic positioning system for a stable station keeping and ready to accommodate 20…
Hanwha Aims to Buy a Piece of Austal
Korea's Hanwha aims to buy up to 9.9% of Australian shipbuilder Austal in an after-market offer following its failed A$1.02 billion ($646.17 million) takeover bid last year, a term sheet showed on Monday.Hanwha has offered A$4.45 each for 41.2 million Austal shares, showed the term sheet reviewed by Reuters.The deal's bookrunners, in a message seen by Reuters, told investors the books had been covered for the transaction.The Korean company does not intend to make a takeover bid for Austal "at th
Hanwha Ocean Delivers Overhauled U.S. Navy Vessel
Hanwha Ocean has delivered the overhauled U.S. Navy Vessel Wally Schirra, setting a new milestone in Korea’s shipbuilding industry for the first ever maintenance, repair, and overhaul (MRO) project for the U.S. Navy, completed in just six months.The MRO project, carried out at Hanwha Ocean’s Geoje Shipyard over approximately six months, involved comprehensive maintenance, including hull and engine repairs…
Hanwha Ocean Cuts First Steel for Eight New Nakilat’s LNG Carriers
Qatar Gas Transport Company (Nakilat) has held a steel cutting ceremony for eight of its new liquefied natural gas (LNG) carriers at Hanwha Ocean shipyard in the Republic of Korea.These vessels are part of Qatar’s historic LNG fleet expansion project, aimed at meeting the maritime transport needs of the LNG sector.In February 2024, Nakilat signed agreements with QatarEnergy to charter and operate 25 conventional-size LNG carriers…
