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Hanwha Ocean nears Brazil yard deal

Hanwha Ocean is moving to establish a new shipyard in Niterói, Brazil, aiming to bolster its offshore presence and position for upcoming Petrobras projects.

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Seoul/Rio de Janeiro — Aug 12, 2025. Hanwha Ocean is advancing plans to set up a shipyard in Niterói to support Brazil offshore bids, following disclosure at a FIRJAN supplier-networking event.
The deal is in late negotiations, with site works, hiring and partner agreements targeted within 30–45 days. The company has participated in Petrobras’s 2024 P-86 FPSO tender, previously won P-79 with Saipem in 2021, and acquired Dyna-Mac in Nov 2024 (rebranded Hanwha Offshore Singapore in early 2025). Brazil in May 2025 approved R$22bn for 26 shipyard/port projects.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
Project Trident will invest €1.35 billion in Elefsina Shipyards, with ONEX and Hanwha Ocean working to build a major Mediterranean shipbuilding and naval support hub.
Knutsen Group has ordered another 174,000 cu m LNG carrier at Hanwha Ocean, lifting its LNG portfolio to 52 vessels and extending its 2029 newbuilding pipeline.
HD Hyundai Heavy Industries is expanding cooperation with Canadian shipyards as it seeks to win the Canadian Patrol Submarine Project with Hanwha Ocean.

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