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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.
Hanwha Systems plans to transfer its 60% stake in Philly Shipyard to an HDUSA-led joint venture, placing the facility under new leadership as Hanwha expands its U.S. naval and commercial shipbuilding operations.
Senator Dave McCormick visited Hanwha Ocean’s Geoje shipyard for Korea-U.S. cooperation talks covering links with Hanwha Philly Shipyard, vessel design, workforce development and shipbuilding supply chains.
Korean shipbuilders are reporting strong profits and large order backlogs but face labor disputes, currency pressure and limited progress in Korea-U.S. shipbuilding cooperation.

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