Hanwha Ocean Co Ltd - Company Profile
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Hanwha Ocean Co Ltd (Hanwha Ocean) is a shipbuilding company. It carries out the construction of various vessels, including LNG carriers, crude oil carriers, container ships, and LPG carriers, and marine products such as floating production storage and offloading units, fixed platforms, and drill ships. Its products serve customers in industries such as petrochemical, refinery, power, and marine, with applications ranging from transportation to energy production. Hanwha Ocean operates through sales departments and branches within each business division, focusing on securing high-value orders and responding to market fluctuations. The company has business locations in South Korea and China, targeting both domestic and international markets. Hanwha Ocean is headquartered in Gyeongsangnam-do, South Korea.
Headquarters
South Korea
Address
3370, Geoje-Daero, 53302
Website
www.hanwhaocean.com
Telephone
82 02 21290144
No of Employees
35,000
Industry
Transport and Logistics
Ticker Symbol & Exchange
042660 (KRX)
Revenue (2025)
$9.0B
18.6%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
135.9%
(2025 vs 2024)
Market Cap*
$26.5B
Net Profit Margin (2025)
XYZ
99.0%
(2025 vs 2024)
* As of and is in US$
Hanwha Ocean Co Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Commercial ships: |
| Gas Carrier |
| Tanker |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In March, the company signed a memorandum of understanding with The University of New Brunswick to advance research in marine and defense technologies. |
| 2026 | Contracts/Agreements | In February, Hanwha Aerospace signed a contract with the Norwegian Defence Materiel Agency (NDMA) to supply the Chunmoo multiple rocket launcher system (MRLS) to the Norwegian Armed Forces. |
| 2026 | Contracts/Agreements | In January, the company entered into a binding memorandum of understanding (MOU) with Algoma Steel Inc to establish a long-term strategic partnership, with Hanwha Ocean committing up to US$250 million to support facility development and the procurement of Canadian-made steel for submarine construction and maintenance, repair, and overhaul (MRO) infrastructure. |
Competitor Comparison
| Key Parameters | Hanwha Ocean Co Ltd | HD Korea Shipbuilding & Offshore Engineering Co Ltd | Samsung Heavy Industries Co Ltd | Austal Ltd | Hanjin Heavy Industries & Construction Holdings Co., Ltd |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | South Korea | Australia | South Korea |
| City | Geoje | Seongnam | Seongnam | Perth | Namyangju |
| State/Province | - | - | - | Western Australia | - |
| No. of Employees | 35,000 | 1,322 | 13,974 | 4,479 | 8 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kim Hee-cheul | Director; Chief Executive Officer | Executive Board | 2025 | 61 |
| Kim Dong-kwan | Director | Non Executive Board | - | 42 |
| George P. Bush | Director | Non Executive Board | 2023 | 49 |
| Hyun Nak Hee | Director | Non Executive Board | 2023 | 45 |
| Philippe Levy | Director | Non Executive Board | - | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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