Hanwha Ocean announced a significant increase in its second-quarter operating profit, nearly doubling from the previous year, primarily due to strong demand for high-margin liquefied natural gas carriers and other large projects.

South Korean labor authorities have ruled that Hyundai Motor and Hanwha Ocean are legally responsible as employers for some subcontracted workers for collective bargaining purposes. This decision could significantly broaden labor-management negotiation rights.

A significant agreement under 'Project Trident' was signed in Athens between Greece's ONEX Shipyards & Technologies and South Korea's Hanwha Ocean, aiming to position Greece as a global shipbuilding power.

Hanwha Ocean has announced a new order valued at 507 billion won for the construction of three ammonia carriers.

Hanwha Ocean has announced a partnership with Leidos Gibbs & Cox, a renowned design firm specializing in naval ships, to strengthen its foothold in the US warship market.

ONEX Shipyards & Technologies Group and South Korea’s Hanwha Ocean have signed a strategic cooperation agreement to develop defense shipbuilding in Greece, aiming to transform the country into a significant defense shipbuilding hub.

South Korea’s industry minister pledged deeper industrial cooperation with Canada as Seoul intensifies its push to win a multibillion-dollar submarine contract, highlighting Korean companies’ track record of delivering on investment and job commitments in the country. Industry Minister Kim Jung-kwan met Canadian Industry Minister Melanie Joly on Thursday to discuss potential collaboration tied to Canada’s submarine procurement program, shortly after a South Korean consortium led by Hanwha Ocean

South Korean shipbuilder Hanwha Ocean has signed three agreements in the US covering joint ship design, workforce training, and supply chain development to strengthen its local business and expand bilateral cooperation.

Hanwha Ocean Co. has been chosen as the preferred bidder for South Korea's 7.8 trillion won ($5.1 billion) next-generation Navy destroyer project.

Hanwha Ocean has secured a significant victory over HD Hyundai Heavy Industries in the bid for South Korea's 7.8 trillion won destroyer project, advancing the nation's naval modernization program.

A significant agreement, 'Project Trident', was signed in Athens between ONEX Shipyards & Technologies and South Korea's Hanwha Ocean, aiming to elevate Greece's global shipbuilding capabilities.

The South Korean submarine ROKS Dosan Ahn Chang-ho arrived off the B.C. coast, showcasing Hanwha Ocean’s bid to secure Canada’s multibillion-dollar submarine contract.

Hanwha Aerospace has signed a memorandum of understanding with Canada's Automotive Parts Manufacturers’ Association and Hanwha Ocean to collaborate on the production of military and special-purpose vehicles in Ontario.

South Korean shipbuilder Hanwha Ocean has won a significant order worth 393.3 billion won for Very Large Crude Carriers (VLCCs) from a client in the Oceania region. This contract underscores the company's strong position in the global shipbuilding market.

ONEX Shipyards & Technologies Group and Hanwha Ocean have finalized a landmark strategic agreement for shipbuilding cooperation, with a focus on Greece.

Canada's high-speed push to replace its aging Victoria-class submarines reaches a pivotal moment on Monday as South Korea's Hanwha Ocean and Germany's TKMS submit formal bids in a program worth more than $20 billion. The contest — to supply up to 12 boats — will shape Canada's naval reach and industrial alliances for decades.

Hanwha Ocean reportedly sold around $2 billion in the dollar-won forward market, according to a source.

South Korea's Hanwha Ocean is vying for Canada's Canadian Patrol Submarine Project (CPSP), a deal potentially worth up to $43 billion, marking a significant overseas test for South Korea's naval ambitions.

NC AI, a subsidiary of NCSoft, has secured a project from Hanwha Ocean to develop AI-powered autonomous welding technology for shipbuilding, utilizing a vision-based welding model.

Hanwha Ocean is actively pursuing a 60 trillion won ($39.8 billion) submarine bid from Canada, proposing an ambitious plan to boost the Canadian economy with a potential $68 billion GDP impact, as highlighted at CANSEC 2026.

Mitsui O.S.K. Lines (MOL) and Chevron have successfully installed two 'Wind Challenger' sails on an LNG carrier under construction at Hanwha Ocean shipyard, marking a step towards wind-assisted propulsion.

Hanwha Ocean reported stronger-than-expected first-quarter earnings, primarily due to its high-margin shipbuilding portfolio, particularly liquefied natural gas carriers, amid increased demand for alternative fuels.

Hanwha Ocean is set to unveil its next-generation destroyer at the YIDEX 2026 exhibition in South Korea.

The ONEX Shipyards & Technologies Group and South Korean shipbuilding group Hanwha Ocean have signed a strategic cooperation agreement focused on developing defense shipbuilding activities in Greece and the wider region.

Hanwha Ocean said Thursday that it is expanding its push for Canada’s next-generation submarine program beyond a conventional defense export, positioning it as a long-term industrial and security partnership centered on localization and technology transfer. The company has signed more than 10 cooperation agreements — including technical cooperation agreements, memorandums of understanding and teaming agreements — to proactively meet Canada’s industrial and technological benefits requirements, wh