Hanwha Ocean Co Ltd - Company Profile
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Hanwha Ocean Co Ltd (Hanwha Ocean), formerly Daewoo Shipbuilding & Marine Engineering Co Ltd, is a shipbuilding company. It manufactures offshore structures and ships. It manufactures commercial ships and offshore structures for oil and gas exploration and production industries. The company’s commercial ship product portfolio includes oil tankers, liquefied petroleum gas (LPG) carriers, ore carriers, passenger ferries, liquefied natural gas (LNG) carriers, roll-on roll-off carriers, and bulk carriers. Hanwha Ocean’s offshore structures include drill ships, fixed platforms, drilling rigs and floating production storage and offloading (FPSO) vessels. It also builds naval vessels such as rescue ships, submarines, and destroyers. It also constructs specialty vessels and naval Ships. The company has operations in the UK, Norway, Angola, Greece, the US, Indonesia, the UAE, Singapore and Japan, and Brazil. Hanwha Ocean is headquartered in Gyeongsangnam-do, South Korea.
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 |
---|---|---|
2024 | Others | In April, the company's takeover offer was rejected by Austal. |
2024 | Contracts/Agreements | In March, the company selected TMC to make available control, service air and nitrogen feed air compressors to each of the four vessels. |
2024 | Contracts/Agreements | In March, the company signed an agreement to construct 12 liquefied natural gas carriers as part of QatarEnergy’s massive shipbuilding program. |
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 | 13,199 | 27,409 | 13,974 | 4,300 | 8 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Hyukwoong Kwon | Chairman; Chief Executive Officer | Executive Board | 2023 | 62 |
Lee Young Ho | Head- Management Support Unit; Director | Executive Board | 2022 | 56 |
Jae Hyouk Woo | General Manager- Shipyard; Director | Executive Board | 2022 | 58 |
Kim Jong Seo | Head - Marine Division | Senior Management | 2023 | 56 |
Jeong In Seop | Director | Executive Board | 2023 | 54 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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