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Hanwha Ocean

Hanwha Ocean
The latest news and top stories on Hanwha Ocean. A leading South Korean company in the maritime sector, Hanwha Ocean, headquartered in Geoje-si, specialises in shipbuilding, offshore plants, and naval vessels. They produce commercial ships like LNG carriers and container ships, offshore facilities including FPSOs, and specialty ships such as submarines and destroyers. Serving a global market, Hanwha Ocean is one of South Korea’s "Big Three" shipbuilders, noted for its advanced technology and market leadership in Very Large Crude Oil Carriers (VLCCs).
South Korean submarines take part in a naval fleet review off the southern port city of Busan last year. Photo: AFP
South Korea

Sunk deals: why South Korea’s submarine exports are running aground

After losing bids in Canada and Poland, analysts say Korean shipyards are learning how strategic alignment can trump commercial merit.

South Korea

US hopes South Korea can help turn the tide in fight for naval dominance

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South Korea

Why South Korea is celebrating a Canada submarine deal it lost

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Canada

Canada picks German firm for new sub fleet deal, likely strengthening Nato ties

German firm TKMS beats Hanwha Ocean of South Korea to Canadian submarine agreement in a move expected to strengthen ties with Nato.

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Canada Prime Minister Mark Carney at HMC Dockyard in Halifax on Monday. Photo: The Canadian Press via AP
South Korea

South Korea, Germany fiercely bid for US$39 billion Canadian submarine deal

Analysts say Berlin and Ottawa’s shared Nato membership remains a significant political obstacle for Seoul.

China shipbuilding

Why the US Navy must look to allies if it wants to catch up to China at sea

To close gap with Chinese fleet, analysts say the US must outsource shipbuilding to South Korea and Japan – but the move risks backlash.

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South Korea

From submarines to trade, South Korea and US remain deadlocked ahead of talks

The two allies are also expected to discuss the transfer of military control and a data breach involving a US firm at their talks next week.

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A US Virginia-class fast-attack submarine docks in Rockingham, Western Australia, last year. South Korea is reportedly aiming to build nuclear-powered submarines similar to the Virginia-class vessels. Photo: AFP
China-South Korea relations

How will South Korea’s nuclear submarines alter balance near first island chain?

Analyst cites further Indo-Pacific nations eyeing SSNs, with potential to ‘tie together with the broader US alliance system in the region’.

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Arctic

Middle powers Canada, South Korea set Arctic course between China-Russia and US

Seoul’s security agreement with Ottawa is also a ‘hedge’ against a transactional Washington, an analyst says.

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South Korea

Why US defence strategy may hurt leaders in South Korea, Japan

The National Defence Strategy states that the US will provide ‘more limited’ support to its allies in line with the ‘America-first’ policy.

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A US B-1B bomber, South Korean F-15K, Japanese F-2, and US F-16 jets fly in a joint drill over Jeju Island, South Korea, in 2024. Photo: AFP/US Air Force/South Korea’s defence ministry
India

‘It’s time for us to rise’: India races to rebuild its lost maritime muscle

India is eyeing a future as a leading shipping and shipbuilding nation, backed by big investments – and expertise from South Korea and Japan.

Illustration: Huy Truong
South Korea

Riding on jet success, South Korea chases US$15 billion UAE arms deal

Seoul showcased the fighter jet at the Dubai Air Show, aiming to boost Middle East defence ties and global export ambitions.

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South Korea

Samsung, Hyundai announce US$310 billion domestic investment plans

South Korean manufacturers unveiled investments for the next five years as a US trade deal raised concerns of weakening manufacturing at home.

United States

Opinion | Devil in the details as US agrees to a South Korean nuclear-powered sub

Will the Australian experience be shared? Will it be a Virginia-class vessel or an indigenous design? And where will funding come from?

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A bottle of champagne is smashed on the hull of South Korea’s first 3,600-ton-class naval submarine during a ceremony held at the Hanwha Ocean dockyard, in Geoje, South Korea, October 22. Photo: Photo: EPA/Yonhap
US-China trade war

China, US suspend rival port fees in latest trade war thaw

Beijing also pauses sanctions on South Korean shipbuilder affiliates, while shipping industry welcomes suspended duties.

Shipping containers are stacked at the Port of Los Angeles in Los Angeles, California, USA, on October 15. Photo: EPA-EFE
South Korea

US’ nuclear submarine nod gives South Korea massive depth of power

The move would not only strengthen deterrence but also reduce the risk of open conflict in Northeast Asia, analysts say.

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United States

As I see it | In Trump’s rare earths rant, US soldiers find a weary world policeman

In the face of China’s rare earth export controls, the US is desperate for alternatives to keep its advanced weapons systems modern and mobile.

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South Korea

Doubts surface over Trump’s South Korea nuclear submarine plan

Construction of the US-built submarines is likely to run into cost and feasibility issues and nuclear proliferation worries, experts say.

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The first of South Korea’s Changbogo-III Batch-II class submersibles is unveiled at the Hanwha Ocean dockyard in Geoje, South Korea, on October 22. Photo: Yonhap/EPA
China shipbuilding

Trump approves plan for South Korea nuclear submarine ahead of Xi meeting

US president praised Seoul as ‘serious partner’ in shipbuilding, a sector embroiled in trade tensions, before meeting with Chinese leader.

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US-China trade war

To counter China, Trump’s Asia trip seen shoring up shipbuilding with key allies

With China dominating the global shipbuilding industry, and amid a port-fee dispute with Washington, the US president sees new strategic partnerships as critical.

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China-South Korea relations

Chinese sanctions will cost a South Korean shipbuilder but could boost US ties

By targeting Hanwha Ocean’s five US-based affiliates, Beijing may encourage the company to help Washington build capacity, analysts say.

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Hanwha Ocean’s office in Seoul. The company is one of South Korea’s largest shipbuilders. Photo: Reuters
US-China trade war

US-China tensions ease as Bessent confirms call with counterpart He Lifeng

Talks resume after threats of 100% tariffs and rare earth curbs, signalling a pause in the trade fight ahead of Trump-Xi meeting.

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US Treasury Secretary Scott Bessent at the White House on Friday. Photo: AP
US-China trade war

US-China trade war drags in South Korean shipbuilder

A trade war between the world’s two largest economies is pulling in companies and countries from around the globe.

China-South Korea relations

Philippines looks to acquire South Korean anti-ship ballistic missile

Manila seeks to buy CTM-ASBM, which was unveiled by Hanwha at the Asian Defence and Security exhibition last year.

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US-China trade war

Heated US-China trade war could put fire in Beijing’s belly: scholars

As China’s fourth plenum and new five-year plan approach, analysts say trade conflict with US could sideline other issues and create unity.

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While presenting many challenges, scholars said China’s trade conflict with the US also provides opportunities for the country and its leaders to unite around a common cause. Photo: Xinhua
US-China trade war

China-US shipping dispute deepens as Beijing sanctions arms of South Korean giant

Hanwha Ocean stands accused of aiding Washington in its curbs on Chinese shipping.

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Hanwha Ocean stands accused of aiding Washington in its curbs on Chinese shipping. Photo: handout
South Korea

‘Rare’ act of sacrifice? Samsung heir enrols to be South Korean naval officer

Lee Jee-ho’s enlistment is seen as a move to counter views of privileges enjoyed by some chaebol heirs, including avoiding national service.

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China shipbuilding

Behind Trump’s South Korea deal, a plan to transform global shipbuilding

South Korea has pledged US$150 billion to help the US rebuild its shipbuilding industry – and compete with China.

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