Hanwha Ocean signed a strategic cooperation agreement with ONEX Group on 19 March to pursue Greek submarine programmes tied to the Coast Guard and Navy, while also reviewing longer-term opportunities in nearby regional projects.
Hanwha Ocean has established new subsidiaries in South Korea and Singapore to support offshore plant projects, WTIV operations and expansion in the domestic offshore wind market.
Hanwha Ocean won a Chevron contract to build additional modules for the Leviathan expansion offshore Israel, supporting added wells, subsea work and higher gas deliveries, with start-up targeted toward decade-end.
Hanwha Ocean receives a Chevron Mediterranean award to fabricate added modules for Israel’s offshore Leviathan expansion, following development support that began in Q3 2024.
DAPA plans a March 2026 tender for KDDX as HD Hyundai Heavy Industries and Hanwha Ocean prepare detailed design bids.
Hanwha Ocean and Ontario Shipyards signed an MOU to restore large-scale shipbuilding in Ontario, alongside an LOI with Mohawk College to build an in-yard training hub supporting future naval programmes.
NOV signed mid-2025 contracts to supply key equipment for a GustoMSC NG-16000X WTIV to be built by Hanwha Ocean, featuring a 2,600 tonnes crane and delivery planned for Q2 2028.
Hanwha Ocean to provide Algoma with up to USD $250 million (approx. CAD $345 million) to support Algoma’s diversification strategy and strengthen domestic supply chains for Canadian defense procurement
India is strengthening shipbuilding and maritime cooperation with South Korea, combining Korean technology and India’s cost-competitive workforce to expand its fleet and support its 2047 shipbuilding goals.
