Entities / Infrastructure
Hanwha Ocean.
shipbuilder of South Korea
- Reports this week
- 5
- Active events
- 5
- Connections
- 107
What's happening
Reports per dayLast 90 days
90 days agoDrag either end to show only events that began in that periodToday
Active this week
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Hanwha Ocean completed the construction of the Aeolus tanker.Some support1 report
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Hanwha Aerospace gained 1.91%, Hanwha Ocean declined 1.23%, and Samsung Electronics stock rose 1.16% on October 19, 2026.Some support2 reports
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The Geoje office is providing support for various shipbuilding projects involving local industry players.Some support1 report
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A ship arrived at a Busan shipyard and completed an overhaul for a US Navy vessel, following US policy encouragement for regional maintenance.Some support1 report
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POSCO and Hanwha Ocean are teaming up to build a demonstration LNG carrier.Some support1 report
Earlier this month
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Guilfoyle, Trump, and ExxonMobil are involved in discussions regarding the shipbuilding industry and business in Greece.Some support1 report1 development inside
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An MOU was signed regarding a proposed LNG project in British Columbia, involving Hanwha Ocean, Kanata Clean Power, and Prince Rupert Port Authority.Well supported4 reports
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Hanwha Ocean and HD Hyundai Heavy Industries face labor disputes in the shipbuilding sector.Some support2 reports
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Hanwha Ocean is a front-runner for a Canadian submarine program, prompting Canada to seek industrial partnerships with South Korean firms.Well supported10 reports2 developments inside
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Hanwha Ocean is using lithium-ion batteries supplied by Hanwha Aerospace.Some support1 report
One to three months ago
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The three major local shipbuilders—HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean—are currently benefiting from huge order backlogs.Some support1 report
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Mitsui O.S.K. Lines, Chevron Corporation, and Hanwha Ocean are partnering in South Korea on innovative projects, including a wind-assisted LNG carrier.Some support2 reports1 development inside
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Hanwha Ocean and Korean Register are jointly developing concepts for LNG bunkering vessels.Some support2 reports
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Hanwha Ocean showcased a data center at Gastech 2026, while HD Korea Shipbuilding & Offshore Engineering sought design appraisal and HD Hyundai affiliates participated in the event.Some support1 report
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Both nations are developing indigenous nuclear submarine programs, highlighting Hanwha Ocean's role in the shipbuilding ecosystem.Some support1 report
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The American Bureau of Shipping and Hanwha Ocean are receiving design review certification and approval in principle for deepwater projects targeting the region encompassing West Africa and South America.Some support3 reports
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Hanwha Ocean constructed LNG carriers for Novatek's Arctic LNG 2 project, but deliveries were stalled due to sanctions.Some support3 reports1 development inside
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Arctic LNG 2 filed an arbitration claim against Hanwha Ocean.Some support1 report
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Dorian LPG, based in Stamford, is placing orders with Hanwha Ocean for new vessels while the Strait of Hormuz closure impacts operations.Well supported5 reports
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Hanwha Ocean secured a contract with Yang Ming Marine Transport for six 13,000 TEU class LNG dual-fuel container vessels.Some support1 report
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Russian Arctic LNG development continues, with Sovcomflot operating vessels, but sanctions prevent Hanwha Ocean from delivering to projects.Some support2 reports
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Hanwha Ocean's tanker, chartered by Vitol, arrived at Khor Fakkan anchorage in the UAE.Some support1 report
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Hanwha Ocean built the ELANDRA K2, which is now the first vessel in Hanwha Shipping's fleet, and both entities received cyber resilience approval.Some support2 reports
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U.S. policy restrictions are being placed on Korean shipbuilders as the U.S. attempts to close its shipbuilding gap with China.Some support5 reports2 developments inside
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Hanwha Ocean and HD Hyundai Heavy Industries were selected as the preferred bidder for a destroyer project but ultimately lost the KDDX contract to a rival.Some support3 reports
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Hanwha Ocean and Hyundai are competing for major naval contracts in Saudi Arabia, showcasing their integrated defense portfolio.Some support1 report
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Hanwha Philly Shipyard and Hanwha Ocean formed a partnership to strengthen the US shipbuilding supply chain and design new platforms.Some support1 report1 development inside
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Hyundai and Hanwha Ocean announced a new partnership and attended the inauguration of the KUSPC center.Some support1 report
Gone quiet
No new reports in 90+ days-
A defense bill is creating procurement opportunities for several shipyards, including plans for a $5 billion investment and securing U.S. Navy contracts.Some support1 report5 developments inside
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The US Navy is seeking South Korean shipbuilding expertise and considering bids from major South Korean shipyards.Some support1 report
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Hanwha Ocean integrated a cybersecurity solution into a vessel's lifecycle.Some support1 report
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TKMS bids for the Canadian submarine project while Hyundai Group supports the South Korean proposal.Some support3 reports1 development inside
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The US is seeking South Korean shipbuilding capacity and licenses from Hanwha Ocean to accelerate shipbuilding efforts.Well supported5 reports
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Hanwha Ocean lost a multibillion-dollar submarine procurement project, with stock market activity reflecting company performance.Some support2 reports1 development inside
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Hanwha Ocean competed for the Canadian submarine contract but ultimately lost to Thyssenkrupp Marine Systems, leading to stock market drops and political commentary.Some support2 reports
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Hanwha Ocean lost a bid for a major government submarine contract and is dealing with its company base in the Sault Ste. Marie region.Some support1 report
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Mark Carney is headed to Ankara for the NATO summit, with a potential brief stop in Halifax. Meanwhile, Hanwha Ocean is competing against Germany's TKMS.Some support1 report1 development inside
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Evaluations are underway for South Korean and German-Norwegian submarines, intended to signal serious defense spending.Some support3 reports2 developments inside
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Mark Carney announced that Hanwha Ocean is the bidder for the Canadian submarine contract, amidst ongoing evaluations and market activity.Some support2 reports
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South Korean financial institutions and shipbuilders are seeking cooperation with the US market.Well supported4 reports
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Hanwha Ocean is seeking bids for 12 new submarine contracts.Some support1 report
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Hanwha Ocean and Mohawk College are seeking technology transfer and cooperation in Geoje, South Korea, to support skilled trades development.Some support1 report
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Hanwha Ocean and Mohawk College plan future collaboration in Ontario to develop skilled trades and advanced training.Some support1 report
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Hanwha Ocean and Baker Hughes announced a collaboration in Italy focusing on gas turbines and offshore energy challenges.Speculative1 report
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TEN Ltd. placed orders with Hanwha Ocean for vessels, including two eco VLCCs, manufactured in South Korea.Some support1 report
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Triple Momentum Allocator flagged Expand Energy, Amphenol, Mitsubishi Electric, and Hanwha Ocean as top stocks on August 7, 2025.Some support1 report
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Hanwha Ocean is bidding for a multibillion-dollar submarine fleet contract for the Royal Canadian Navy, competing against bids from Germany and Norway.Well supported8 reports3 developments inside
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Hanwha Ocean's flagship was docked in British Columbia as the company bids for a multibillion-dollar submarine contract.Some support1 report
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Hanwha Ocean is bidding for future fleet additions and providing technology for submarine projects for the Royal Canadian Navy.Some support3 reports
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Hanwha Ocean and Novarc Technologies Inc. signed an MoU for AI-powered manufacturing collaboration to enhance Canada's maritime innovation.Some support1 report
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Hanwha Ocean demonstrated submarine capabilities in British Columbia for the Royal Canadian Navy contract bid.Some support1 report
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Hanwha Ocean is involved in pitching KSS-III class submarines to the Canadian Navy, emphasizing allied solidarity and NATO commitments.Well supported4 reports1 development inside
No events began in the chosen period. Widen it, or reset.
What's reaching Hanwha Ocean
Events traced to Hanwha Ocean, step by step, newest firstAround Hanwha Ocean this week
News at the entities that move Hanwha Ocean most-
Hanwha Aerospace StructuralSeveral defense stocks, including RTX, Hanwha Aerospace, and NFI, are highlighted as top picks in the Air Defense theme.Moves Hanwha Ocean
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Geoje StructuralSamsung plans to expand shipbuilding investments in Geoje and concentrate semiconductor investments in Gwangju.Moves Hanwha Ocean
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Donald Trump Shared contextTrump's war on Iran is reported to be benefiting Russia's economy.Moves Hanwha Ocean
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Turkey OperationalJoanne Hunt opened a shop in Colchester, sourcing clothing from relationships in Italy and Turkey.Moves Hanwha Ocean
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Royal Canadian Navy OperationalThe Royal Canadian Navy is developing autonomous vessels to meet its maritime needs.Moves Hanwha Ocean
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American Bureau of Shipping StructuralABS is providing class services to Bluecore in Long Beach.Moves Hanwha Ocean
Connections
The 40 strongest of 107, analyzed from the reporting. The bars show how strongly a change on one side reaches the other.-
Philippe Levy Structural
Philippe Levy holds the title President of Energy Plant Unit within Hanwha Ocean.
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Royal Thai Navy Transactional
Hanwha Ocean secured a $510 million contract with the Royal Thai Navy for a frigate.
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Hanwha Aerospace Structural
Hanwha Aerospace acquired Hanwha Ocean, establishing a parent-subsidiary relationship to enhance defense and naval shipbuilding synergies.
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Hanwha Group Structural
Hanwha Ocean is currently a subsidiary of Hanwha Group.
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Hanwha Philly Shipyard Structural
A is a wholly-owned U.S. subsidiary of B, with B planning future capital investments into A.
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Turkey Operational
The two entities are actively competing in the market for a specific defense contract (next-gen frigate project).
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Royal Canadian Navy Operational
The relationship is an active, high-stakes market engagement where the RCN evaluates and bids on defense requirements met by Hanwha Ocean.
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Geoje Structural
Geoje serves as the dedicated location and operational base for Hanwha Ocean's shipbuilding and production activities.
Show all 40 connections
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West Africa Operational
Hanwha Ocean actively targets deepwater energy and infrastructure projects within the West African region.
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American Bureau of Shipping Structural
ABS provides essential design review, certification, and approval-in-principle services required for Hanwha Ocean's products and market access.
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Republic of Korea Navy Structural
one depends on the other
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TKMS Operational
Hanwha Ocean and TKMS are actively competing against each other for major defense and marine contracts.
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Austal Transactional
Hanwha Ocean is actively pursuing an acquisition of Austal's entire company.
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Defense Acquisition Program Administration Transactional
DAPA awarded Hanwha Ocean the contract to build a destroyer for the KDDX project.
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Dorian Transactional
Dorian or Dorian LPG has contracted Hanwha Ocean to build and supply new vessels.
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Charles Salmon Structural
Charles Salmon serves as COO of Hanwha Shipping, a company within the Hanwha Ocean corporate group.
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Middle East Shared context
The geopolitical stability and operational issues in the Middle East influence global oil prices, impacting the business environment of Hanwha Ocean.
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Hanwha Systems Structural
A operates as the parent company of B, which functions as a specialized infrastructure business unit under its control.
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Aeolus Transactional
Hanwha Ocean built the Aeolus tanker.
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Novatek Operational
Novatek commissioned Hanwha Ocean to construct specialized vessels for the Arctic LNG 2 project, which is now the subject of a claim for damages.
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Donald Trump Shared context
Trump's political agenda and policies create the favorable market context for Hanwha Ocean's operations in the U.S.
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Greece Operational
Greek shipowners function as a key customer base for Hanwha Ocean's shipbuilding and infrastructure projects.
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Kanata Operational
Kanata and Hanwha Ocean are actively collaborating on a joint LNG project under a formal Memorandum of Understanding (MOU).
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Hyundai Operational
Hyundai and Hanwha Ocean are partners and competitors within the shipbuilding industry.
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Ontario Operational
The two entities are actively engaged in an operational partnership, exchanging specialized knowledge regarding advanced production systems and operational protocols.
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Leidos Operational
The two entities are actively partnered in the joint design of a Global Fast Sealift platform for the US market.
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Norway Operational
The two entities are actively competing against each other for a specific sub contract within a larger bid structure.
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Yang Ming Marine Transport Corporation Transactional
Hanwha Ocean secured a contract to build six 13,000 TEU class LNG dual-fuel container vessels for Yang Ming.
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Thailand Structural
Hanwha Ocean provides technology and products to Thailand's domestic defense industry.
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British Columbia Operational
Hanwha Ocean operates within British Columbia and is identified as a potential backup supplier.
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Sovcomflot Transactional
Hanwha Ocean supplied and built vessels for the Russian shipping firm Sovcomflot.
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Mitsui O.S.K. Lines Transactional
Mitsui O.S.K. Lines engages in contracts, supply chain relationships, and collaborative projects with Hanwha Ocean.
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Arctic LNG 2 Transactional
A contract was established for Hanwha Ocean to construct Arc7 tankers for the Arctic LNG 2 project, which is currently under arbitration.
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Colin Crooks Operational
The company's bid relies on the support and influence of the individual, likely in a governmental or diplomatic capacity.
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Delaware County Community College Operational
The college and shipyard cooperate on training programs for skilled shipbuilding professionals.
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Korea Transactional
Hanwha Ocean is engaged in business projects to construct vessels for the Korean Navy.
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Export-Import Bank of Korea Transactional
The relationship is evidenced by A's potential involvement in investment projects related to B.
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MOL Transactional
Hanwha Ocean constructed the Fujin Sailor vessel.
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HD Hyundai Heavy Industries Mentioned together
Both entities are mentioned as part of the shipbuilding sector, facing shared market and labor challenges.
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Ankara Shared context
The company's operations are contextually linked to the location of Ankara, impacting its defense export market.
History
Events by the month they beganOctober 2026
5 events- Hanwha Ocean completed the construction of the Aeolus tanker.
- Hanwha Aerospace gained 1.91%, Hanwha Ocean declined 1.23%, and Samsung Electronics stock rose 1.16% on October 19, 2026.
- The Geoje office is providing support for various shipbuilding projects involving local industry players.
- A ship arrived at a Busan shipyard and completed an overhaul for a US Navy vessel, following US policy encouragement for regional maintenance.
- POSCO and Hanwha Ocean are teaming up to build a demonstration LNG carrier.
September 2026
11 events- Hanwha Ocean and HD Hyundai Heavy Industries face labor disputes in the shipbuilding sector.
- Hanwha Ocean is using lithium-ion batteries supplied by Hanwha Aerospace.
- The three major local shipbuilders—HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean—are currently benefiting from huge order backlogs.
- Mitsui O.S.K. Lines, Chevron Corporation, and Hanwha Ocean are partnering in South Korea on innovative projects, including a wind-assisted LNG carrier.
- Hanwha Ocean and Korean Register are jointly developing concepts for LNG bunkering vessels.
- Hanwha Ocean showcased a data center at Gastech 2026, while HD Korea Shipbuilding & Offshore Engineering sought design appraisal and HD Hyundai affiliates participated in the event.
- Both nations are developing indigenous nuclear submarine programs, highlighting Hanwha Ocean's role in the shipbuilding ecosystem.
- The American Bureau of Shipping and Hanwha Ocean are receiving design review certification and approval in principle for deepwater projects targeting the region encompassing West Africa and South America.
- Arctic LNG 2 filed an arbitration claim against Hanwha Ocean.
- Dorian LPG, based in Stamford, is placing orders with Hanwha Ocean for new vessels while the Strait of Hormuz closure impacts operations.
- Hanwha Ocean secured a contract with Yang Ming Marine Transport for six 13,000 TEU class LNG dual-fuel container vessels.
August 2026
3 events- Guilfoyle, Trump, and ExxonMobil are involved in discussions regarding the shipbuilding industry and business in Greece.
- Hanwha Ocean's tanker, chartered by Vitol, arrived at Khor Fakkan anchorage in the UAE.
- Hanwha Ocean built the ELANDRA K2, which is now the first vessel in Hanwha Shipping's fleet, and both entities received cyber resilience approval.
Show 2 earlier months
July 2026
14 events- U.S. policy restrictions are being placed on Korean shipbuilders as the U.S. attempts to close its shipbuilding gap with China.
- Hanwha Ocean and HD Hyundai Heavy Industries were selected as the preferred bidder for a destroyer project but ultimately lost the KDDX contract to a rival.
- Hanwha Ocean and Hyundai are competing for major naval contracts in Saudi Arabia, showcasing their integrated defense portfolio.
- Hanwha Philly Shipyard and Hanwha Ocean formed a partnership to strengthen the US shipbuilding supply chain and design new platforms.
- Hyundai and Hanwha Ocean announced a new partnership and attended the inauguration of the KUSPC center.
- The US Navy is seeking South Korean shipbuilding expertise and considering bids from major South Korean shipyards.
- Hanwha Ocean integrated a cybersecurity solution into a vessel's lifecycle.
- The US is seeking South Korean shipbuilding capacity and licenses from Hanwha Ocean to accelerate shipbuilding efforts.
- Hanwha Ocean lost a multibillion-dollar submarine procurement project, with stock market activity reflecting company performance.
- Hanwha Ocean competed for the Canadian submarine contract but ultimately lost to Thyssenkrupp Marine Systems, leading to stock market drops and political commentary.
- Hanwha Ocean lost a bid for a major government submarine contract and is dealing with its company base in the Sault Ste. Marie region.
- Mark Carney is headed to Ankara for the NATO summit, with a potential brief stop in Halifax. Meanwhile, Hanwha Ocean is competing against Germany's TKMS.
- Evaluations are underway for South Korean and German-Norwegian submarines, intended to signal serious defense spending.
- Mark Carney announced that Hanwha Ocean is the bidder for the Canadian submarine contract, amidst ongoing evaluations and market activity.
June 2026
19 events- An MOU was signed regarding a proposed LNG project in British Columbia, involving Hanwha Ocean, Kanata Clean Power, and Prince Rupert Port Authority.
- Hanwha Ocean is a front-runner for a Canadian submarine program, prompting Canada to seek industrial partnerships with South Korean firms.
- Hanwha Ocean constructed LNG carriers for Novatek's Arctic LNG 2 project, but deliveries were stalled due to sanctions.
- Russian Arctic LNG development continues, with Sovcomflot operating vessels, but sanctions prevent Hanwha Ocean from delivering to projects.
- A defense bill is creating procurement opportunities for several shipyards, including plans for a $5 billion investment and securing U.S. Navy contracts.
- TKMS bids for the Canadian submarine project while Hyundai Group supports the South Korean proposal.
- South Korean financial institutions and shipbuilders are seeking cooperation with the US market.
- Hanwha Ocean is seeking bids for 12 new submarine contracts.
- Hanwha Ocean and Mohawk College are seeking technology transfer and cooperation in Geoje, South Korea, to support skilled trades development.
- Hanwha Ocean and Mohawk College plan future collaboration in Ontario to develop skilled trades and advanced training.
- Hanwha Ocean and Baker Hughes announced a collaboration in Italy focusing on gas turbines and offshore energy challenges.
- TEN Ltd. placed orders with Hanwha Ocean for vessels, including two eco VLCCs, manufactured in South Korea.
- Triple Momentum Allocator flagged Expand Energy, Amphenol, Mitsubishi Electric, and Hanwha Ocean as top stocks on August 7, 2025.
- Hanwha Ocean is bidding for a multibillion-dollar submarine fleet contract for the Royal Canadian Navy, competing against bids from Germany and Norway.
- Hanwha Ocean's flagship was docked in British Columbia as the company bids for a multibillion-dollar submarine contract.
- Hanwha Ocean is bidding for future fleet additions and providing technology for submarine projects for the Royal Canadian Navy.
- Hanwha Ocean and Novarc Technologies Inc. signed an MoU for AI-powered manufacturing collaboration to enhance Canada's maritime innovation.
- Hanwha Ocean demonstrated submarine capabilities in British Columbia for the Royal Canadian Navy contract bid.
- Hanwha Ocean is involved in pitching KSS-III class submarines to the Canadian Navy, emphasizing allied solidarity and NATO commitments.