South Korean shipbuilder Hanwha Ocean aims to boost its revenue from overseas military vessels to around 4 trillion won ...

South Korea’s defense industry, known for exporting ground weapons like the K9 howitzer and K2 tank, is now expanding into ...

South Korea’s Hanwha Ocean is charting an ambitious course to strengthen its presence in the global naval shipbuilding ...

Hanwha Ocean, formerly Daewoo Shipbuilding, is one of the largest shipbuilders in the world with an order book of $31.43 billion as of the end of March. It acquired a U.S. shipyard in Philadelphia ...

Hanwha Ocean establishes warship MRO cluster with 15 regional companies . Find the latest news from the maritime industry on the PortNews website.

Advantage Tankers is said to have added a VLCC newbuilding to its growing fleet, acquiring a resale vessel from commodities giant Trafigura. The Swiss-based company, which recently struck a deal with ...

SEOUL: South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd says it is preparing to file a lawsuit for damages against the contract worker union that prevented production in June and ...

The decision by Kvaerner ASA and Daewoo to sell off their shipbuilding assets is ironic, indeed, considering that the two companies were central figures in the above-mentioned controversy of ...

The project was initially launched by Russia’s United Shipbuilding Corporation (USC) and South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME).

Trump has vowed to spend "a lot of money on shipbuilding" to restore U.S. capacity, and cited concern over how his country has fallen behind in an industry that is also dominated by China.