Hanwha Ocean
Hanwha Ocean News
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…
Keel Laying Held for Fifth National Security Multi-Mission Vessel
TOTE Services, LLC and Hanwha Philly Shipyard, Inc. marked a milestone in U.S. shipbuilding with the keel laying of the fifth and final vessel in the National Security Multi-Mission Vessel (NSMV) program. Commissioned by the U.S. Department of Transportation’s Maritime Administration (MARAD), the NSMV program is designed to provide top-tier training for future mariners while supporting humanitarian assistance and disaster relief efforts.
Evergreen Places $3.2B Order for 11 LNG Dual-Fuel Container Ships
Taiwanese container shipping firm Evergreen Marine Corporation has ordered 11 new LNG dual-fuel container ships from South Korean and Chinese shipyards, whose combined worth is up to $3.2 billion.On February 12, Evergreen disclosed two orders for 11 container ships, each with a 24,000 TEU capacity.The company placed an order to South Korea’s Hanwha Ocean for six vessels, and to CSSC Guangzhou Shipyard…
S. Korea Shipyards Soar as U.S. Bill Eyes Navy, USCG Ship Construction Options
Shares in South Korean shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean rose more than 15% and 16%, respectively, today, after two U.S. senators debuted a bill to allow the U.S. Navy to build naval vessels in a shipyard located in a U.S. allied country.Senators Mike Lee (R-UT) and John Curtis (R-UT) have introduced two new bills aimed at enhancing the readiness and capabilities of the United States Navy and Coast Guard.
Baker Hughes, Hanwha Ocean Partner Up on Ammonia Gas Turbines for Ships
Hanwha Power Systems and Hanwha Ocean have signed a joint development and collaboration agreement with Baker Hughes to design and produce low carbon ammonia gas turbines, to contribute towards reaching the goal of completely carbon-free operation of ships.Hanwha Group plans to complete the development of liquefied natural gas carriers and container ships using the ammonia gas turbine propulsion system…
Cadeler Takes Delivery of Its Sixth Wind Turbine Installation Vessel
Danish offshore wind installation firm Cadeler has taken delivery its new wind turbine installation vessel (WTIV) Wind Maker, the first of the two planned M-class vessels to join its growing fleet.Wind Maker was officially named at a naming ceremony at the Hanwha Ocean Shipyard in Korea, where the vessel was built.The ceremony, attended by Cadeler executives and key stakeholders, honored the collaborative efforts behind the making of the great vessel.
ABS Approves Hanwha Ocean’s FPSO Design
American Bureau of Shipping (ABS) has awarded Hanwha Ocean an Approval in Principle (AIP) for its Pre-FEED standard FPSO design intended to create an asset optimized for deployment in the deep waters of West Africa.The FPSO design is 340 meters long and capable of storing approximately 2.38 million barrels of crude oil, with a daily crude oil production capacity of 190,000 barrels.Developed to accommodate topsides for crude oil and or gas production facilities…
Hanwha Ocean Gets Bureau Veritas Clearance for FPSO Design
Shipbuilder Hanwha Ocean has secured an Approval in Principle (AiP) from certification body Bureau Veritas for its standard Floating Production Storage and Offloading Unit (FPSO) design, which includes the latest developments in advanced digital solutions to support more energy efficient operations.Standard FPSO design of Hanwha Ocean measures 340 meters in length and 62 meters in width, with a crude oil storage capacity of 2.38 million barrels and a production capacity of 190…
Commander of Royal Canadian Navy Visits Geoje Shipyard
On November 10, Vice Admiral Angus Topshee, the 38th Commander of the Royal Canadian Navy, visited Hanwha Ocean’s Geoje shipyard and discussed Canada’s upcoming submarine acquisition project.This visit marks a significant step in the bidding process for the Canadian Patrol Submarine Project (CPSP), in which Hanwha Ocean is actively participating.During the visit, Hanwha Ocean introduced the KSS-III Batch-II submarine, a model that the proposed KSS-III CPS for CPSP is based upon.
QatarEnergy Inaugurates Four New LNG Vessels in Korea
QatarEnergy has inaugurated four new conventional-size LNG vessels built in Samsung Heavy Industries and Hanwha Ocean shipyards in the Republic of Korea as part of its historic fleet expansion program.The four new vessels - Id’asah, Nuaijah, Umm Swayyah, and Lebrethah - are part of 128 total vessels ordered from Korean and Chinese shipyards as part of the largest shipbuilding program in the history…
Shipbuilding Shares Soar After Trump, Yoon Call
South Korean President Yoon Suk Yeol spoke with Donald Trump on Thursday and congratulated him on winning the U.S. presidency on the "Make America Great Again" slogan as officials in Seoul worked to prepare for "significant" economic changes.Yoon and Trump held a 12-minute phone call and discussed the close security and economic ties of their two countries across all areas, a senior South Korean official…
MOL Inks Charter for Singapore’s First FSRU with Singapore LNG Corp
Mitsui O.S.K. Lines (MOL) has signed an agreement with Singapore LNG Corporation, Singapore's state-owned LNG terminal operator, on a long-term time charter contract for one newbuilding floating storage regasification unit (FSRU).The FSRU will be built at Hanwha Ocean in South Korea. After delivery, planned for 2027, MOL will own, manage, and operate the FSRU.The 200,000 m3 FSRU will be moored at the Jurong Port in Singapore…
Hanwha Ocean's Rotor Sails Earn DNV Type Approval
Classification society DNV has awarded Hanwha Ocean Type Approval Design Certification (TADC) for its innovative rotor sail technology, the first certification of a rotor sail approved for installation in hazardous zones in South Korea.The TADC confirms that Hanwha Ocean's Rotor Sail, designed with composite materials, is in line with DNV and international safety standards, guidelines and regulations and ready for practical application on commercial vessels.
South Korea's Hanwha Ocean Awarded First US Navy Repair Contract
Hanwha Ocean on Wednesday announced it has secured a contract that makes it the first Korean shipbuilder to provide maintenance, repair, and overhaul (MRO) services for the U.S. Navy.The 40,000-ton U.S. Navy dry cargo and ammunition ship USNS Wally Schirra is undergoing maintenance and inspection at Hanwha Ocean’s Geoje shipyard, with additional onshore maintenance work being conducted using the shipyard’s…
MOL Secures ‘World’s First’ AiP for LNG Carrier with Wind-Assisted Propulsion
Mitsui O.S.K. Lines (MOL) has been awarded an approval in principle (AiP) by ClassNK for the design of a membrane LNG Carrier with Wind Challenger wind-assisted propulsion system.The AiP marks the world's first approval for an LNG carrier with a wind-assisted propulsion system, according to MOL, which developed the design of the system together with Hanwha Ocean.The LNG carrier that has obtained this AiP is capable of entering LNG terminals worldwide.
South Korea's Hanwha Ocean Cleared to Perform Ship Repair for the US Navy
South Korean shipbuilding group Hanwha Ocean on Tuesday announced it has been certified to participate in vessel maintenance, repair and overhaul (MRO) activities for the U.S. Navy.The company said its Master Ship Repair Agreement (MSRA) signed with the U.S. Navy enables it to bid to perform MRO work for U.S. naval vessels at its Geoje Shipyard in South Korea.Hanwha Ocean applied for the MSRA in January and underwent a rigorous accelerated evaluation process…
Hanwha Ocean Names New Head of Offshore Engineering
Hanwha Ocean announced it has hired Bram Van Cann as its new head of engineering for its offshore business.Bram brings to the role extensive expertise in the offshore and renewable energy sectors, with more than two decades of experience at SBM Offshore, ENGIE and Ocean Winds.
Hanwha Ocean Lays Keel for Cadeler WTIV Wind Maker
South Korean shipbuilder Hanwha Ocean has laid the keel for Cadeler’s newbuild wind turbine installation vessel (WTIV), Wind Maker.The vessel was ordered in 2021 by Eneti, which was acquired by Denmark-based Cadeler in 2023. The vessel was to be named Nessie under previous ownership.The Gusto MSC NG16000X self-propelled jack up will be fitted with a Huisman 2600t at 31m radius leg encircling crane, allowing the installation of 14MW+ offshore wind turbines.
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