Hanwha Ocean steps up push into global warship market

Hanwha Ocean is bolstering its push for its warship business overseas, targeting strategic markets across Europe, Southeast Asia and Latin America as it moves to strengthen its position in the global naval defense industry. The shipbuilder is leveraging its submarine design and construction expertise, surface warship experience and large-scale production capacity to pursue new export opportunities. Hanwha Ocean is the only Korean company to have participated in all three Korean Destroyer eXperimental (KDX) programs and all multi-phase Jangbogo submarine development projects. The KDX program is an initiative by the Republic of Korea Navy to modernize its destroyer fleet. The company's overseas naval business builds on its previous export record and a growing pipeline of potential contracts. Under its former name, Daewoo Shipbuilding & Marine Engineering, Hanwha Ocean accumulated overseas submarine project experience through programs in Indonesia. It has also delivered frigates to Bangladesh and Thailand, as well as naval support vessels to Britain and Norway. More recently, the company was