Hanwha Ocean Co Ltd - Company Profile
Powered by 
All the data and insights you need on Hanwha Ocean Co Ltd in one report.
$295
- Save hours of research time and resources with
our up-to-date Hanwha Ocean Co Ltd Strategy Report
- Understand Hanwha Ocean Co Ltd position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
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.
Headquarters
South Korea
Address
3370, Geoje-Daero, 53302
Website
www.hanwhaocean.com
Telephone
82 55 7352114
No of Employees
13,199
Industry
Transport and Logistics
Ticker Symbol & Exchange
042660 (KRX)
Revenue (2022)
$5.7B
52.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
109.2%
(2022 vs 2021)
Market Cap*
$6.5B
Net Profit Margin (2022)
XYZ
106.0%
(2022 vs 2021)
* As of and is in US$
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 |
|---|---|---|
| 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 |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward