Asia
Nomura Adjusts Hanwha Ocean's Price Target to KRW56,000 From KRW63,000, Keeps at Reduce
Hanwha Ocean (KRX:042660) has an average rating of buy and mean price target of 135,739.13 won, according to analysts polled by FactSet.
KRX:042660
KRX:042660
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Asia
Hanwha Ocean Selected as Preferred Bidder for Royal Thai Navy Frigate Project
Hanwha Ocean (KRX:042660) was selected as a preferred bidder for the next-generation frigate project commissioned by the Royal Thai Navy, according to a Wednesday filing with the Korea Exchange.Hanwha Ocean will construct one frigate and provide integrated logistics support under a contract valued at 683.3 billion won, the filing said.Shares of Hanwha Ocean rose nearly 3% in recent trade.
KRX:042660
Asia
Arctic LNG 2 Seeks KRW1.37 Trillion Claim from Hanwha Ocean in International Arbitration; Hanwha Ocean Shares Rise 7%
LLC Arctic LNG 2 filed an international arbitration claim with the Singapore International Arbitration Centre seeking 1.37 trillion won in damages over alleged breaches of step-in agreements related to shipbuilding contracts terminated by Hanwha Ocean (KRX:042660), according to a Thursday filing with the Korea Exchange.LLC Arctic LNG 2 said the claim could surpass the stated amount, with the figure expected to be clarified during the arbitration process.Shares of Hanwha Ocean gained nearly 7% in recent trade.
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Asia
Hanwha Ocean Secures KRW1.55 Trillion Contract for Six Container Ships
Hanwha Ocean (KRX:042660) secured a 1.553 trillion won contract for six container ships from Yang Ming Marine Transport Corp., according to a Thursday filing with the Korea Exchange.The value of the contract equates to about 12.1% of the shipbuilder's sales in the recent fiscal year.The contract is valid until Sept. 30, 2029, with payments to be made based on construction progress.Shares of Hanwha Ocean added over 3% in recent trade.
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Asia
Hanwha Ocean Secures KRW477.8 Billion Gas Carrier Construction Contract
Hanwha Ocean Co (KRX:042660) said it secured a 477.8 billion won construction contract with an unnamed shipping company in the Oceania region to build three very large gas carriers, according to a Tuesday filing with the Korean Exchange.The South Korea-based shipbuilding company said that the contract represents 3.7% of its 2025 sales, and the contract period runs between Aug. 31, 2026, and Dec. 6, 2030.The payments will be made based on construction progress.
KRX:042660
Asia
Hanwha Ocean Wins KRW478 Billion Gas Carrier Contract
Hanwha Ocean (KRX:042660) secured a 477.8 billion won contract for three very large gas carriers from an Oceania-based shipper, according to a Tuesday filing with the Korean Exchange.The contract is valid till Dec. 6, 2030, with payments to be made based on construction progress.Shares of the Korean shipbuilder fell 2% in recent trade.
KRX:042660
Asia
Hanwha Engine Wins KRW128.9 Billion Ship Engine Supply Contract
Hanwha Engine (KRX:082740) secured a 128.9 billion won supply contract for ship engines with affiliate Hanwha Ocean (KRX:042660), according to a Monday filing with the Korean Exchange.The contract is valid till Oct. 8, 2029.Shares of the ship engine maker fell nearly 2% at market close, while those of Hanwha Ocean declined 1%.
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Asia
Hanwha Engine Secures KRW129 Billion Marine Engine Supply Contract in South Korea
Hanwha Engine (KRX:082740) said it secured a 128.9 billion won supply contract for marine engines with affiliate Hanwha Ocean (KRX:042660), according to a Friday filing with the Korean Exchange.The contract covers engine supply for vessels to be built by the affiliate between Aug. 28, 2026, and Oct. 8, 2029.The company will receive an advance payment of 20%, with the remaining 80% payable upon delivery, and the contract value represents 9.4% of its 2025 sales.
KRX:042660KRX:082740
Asia
Hanwha Ocean Refutes Media Report, Says No Details Finalized for Southwest Offshore Wind Project
Hanwha Ocean (KRX:042660) clarified on Friday that no specific details had been finalized for the Southwest Offshore wind expansion phase one project, following an Asia Today report on July 10 that the consortium led by Korea Hydro & Nuclear Power, in which the shipbuilder is a participant, was selected as the preferred bidder.Details such as the project value have not been finalized at present, the shipbuilder said in a Friday filing with the Korea Exchange.The company will issue a follow-up disclosure once specific details are determined or within three months.Shares of Hanwha Ocean fell over 1% at market close.
KRX:042660
Asia
Hanwha Ocean Secures 527.9 Billion KRW LNG Cogeneration Plant Order
Hanwha Ocean (KRX:042660) has concluded a construction order contract with Yeosu Eco Energy for the 480MW Yeosu Eco Energy LNG Cogeneration Project, valued at approximately 527.9 billion won.The contract represents 4.1% of Hanwha Ocean's latest fiscal year sales, which stood at 12.784 trillion won based on 2025 consolidated financials, according to a Tokyo bourse filing on Monday.The project is scheduled to run from Aug. 3, 2026, to Aug. 31, 2029, with payments to be made according to construction progress and a deposit or advance payment required.The counterparty is an affiliated company of Hanwha Ocean, and the project will be executed in Yeosu-si, Jeollanam-do, South Korea. The contract amount and final settlement may be subject to change as the project progresses.
KRX:042660
Asia
Hanwha Ocean Wins KRW527.9 Billion Yeosu Eco Energy LNG Cogeneration Contract
Hanwha Ocean (KRX:042660) secured a 527.9 billion won Yeosu Eco Energy LNG cogeneration project from Yeosu Eco Energy, according to a bourse filing on Friday.The contract, effective Aug. 3, 2026, will run through Aug. 31, 2029.Shares of Hanwha Ocean fell nearly 3% at market close.
KRX:042660
Asia
Hanwha Ocean Wins KRW838 Billion KDDX Destroyer Contract
Hanwha Ocean (KRX:042660) has secured an 838 billion won contract from South Korea's Defense Acquisition Program Administration to design and build the lead ship for the Korea Destroyer Next Generation (KDDX) program, according to a bourse filing on Friday.The contract, effective July 31, 2026, will run through June 30, 2032.Hanwha Ocean said the contract period and final settlement amount may change as construction progresses.The KDDX program aims to build six next-generation Navy destroyers using domestically developed technologies. The overall project is estimated to be worth 7.8 trillion won ($5.1 billion), according to an earlier report by The Korea Times.
KRX:042660
Asia
Hanwha Ocean Discloses USD RP-Related Party Transaction with Hanwha Investment & Securities
Shipbuilder Hanwha Ocean (KRX:042660) has disclosed a related-party transaction with Hanwha Investment & Securities, a fellow affiliate within the Hanwha corporate group.The transaction involves a USD RP (Repurchase Agreement) valued at approximately 59 billion won, equivalent to $40 million based on the July 22 exchange rate of 1,475.60 KRW/USD.The transaction was executed on July 22, 2026, and runs through Aug. 24, according to a bourse filing on the same day.
KRX:042660
Asia
Yang Ming Marine, Hanwha Ocean to Build Six 13,000 TEU Class LNG Dual-Fuel Container Vessels
Yang Ming Marine Transport (TPE:2609) signed deals with South Korea's Hanwha Ocean (KRX:042660) to build six 13,000 twenty-foot equivalent unit (TEU) LNG dual-fuel container vessels.The vessels are priced at $185 million to $204 million each, bringing the total contract value to between $1.11 billion and $1.224 billion, according to a Thursday Taiwan Exchange filing.The company said the ships will support its future operational needs.
KRX:042660TPE:2609
Asia
South Korean Shares Plunge as Tech Stocks Lead Losses Amid Middle East Tensions
South Korean shares fell sharply on Thursday, led by steep declines in technology stocks as escalating Middle East tensions took a toll on investor sentiment. Market heavyweights Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) led the losses with declines of nearly 9% and 12%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 463.81 points, or 6.4%, to end at 6,820.6. The Kosdaq also fell by 37.59 points, or 4.5%, to close at 791.84.In economic news, the Bank of Korea raised its benchmark interest rate by 25 basis points to 2.75% from 2.50%, according to a Thursday press release.This rate increase is the first by the South Korean central bank in 3.5 years.Bank of Korea data indicates that foreign investors pulled a record $30.7 billion from Korean securities, including stocks and bonds, during June. The withdrawal represented the fifth consecutive month of net portfolio outflows, dating back to February.The outflow value in June was the second largest on record, after a $36.55 billion outflow in March, and was equivalent to about 47.6 trillion won based on the end-June exchange rate of 1,548.7 won per U.S. dollar.In corporate news, DL Holdings (KRX:000210) was selected as the preferred bidder for the Pyeongtaek Godeok A-69BL and A-71BL integrated public housing project, commissioned by Korea Land and Housing Corporation, according to a Thursday filing with the Korea Exchange.The project has an estimated construction value of 216.9 billion won, including the value added tax. The estimate represents DL Holdings' 33% share of the total contract value of 657.2 billion won, the filing said.Under the project, DL Holdings will build an integrated public housing complex of 1,995 rental and for-sale apartment units, along with related amenities and welfare facilitiesShares of the company fell by 1% at market close.In other news, Hanwha Ocean (KRX:042660) secured an order for the construction of two very large crude carrier (VLCC) vessels worth 394.3 billion won from an unnamed North American shipper, according to a Wednesday filing with the Korean Exchange.Delivery is expected by March 31, 2030, with payments tied to construction milestones.Shares of Hanwha Ocean rose nearly 6% at market close.
^KOSDAQKOSPIKRX:000210KRX:000660KRX:005930KRX:042660
Asia
Hanwha Ocean Bags KRW394.3 Billion Order for Two VLCCs
Hanwha Ocean (KRX:042660) secured an order for the construction of two very large crude carrier (VLCC) vessels worth 394.3 billion won from an unnamed North American shipper, according to a Wednesday filing with the Korean Exchange.Delivery is expected by March 31, 2030, with payments tied to construction milestones.Shares of Hanwha Ocean rose more than 1% in recent trade.
KRX:042660
Asia
Hanwha Ocean Lands KRW394 Billion Order for Two Crude Carriers
Hanwha Ocean (KRX:042660) has secured a 394.3 billion won contract to build two very large crude carriers (VLCCs) for a North American shipping company, with the order booked on July 14.The deal represents 3.1% of the company's latest annual sales of 12.78 trillion won, based on 2025 consolidated figures, according to a bourse filing on Tuesday.Construction is set to run through March 2030, with payments tied to progress milestones and an initial deposit required under the terms.
KRX:042660
Asia
Hanwha Ocean-Backed Consortium Emerges as Preferred Bidder for Offshore Wind Project; Details to Be Finalized
Hanwha Ocean (KRX:042660) confirmed a media report saying the consortium it is part of has emerged as the preferred bidder for the Southwest Offshore Wind Expansion Complex 1 in South Korea.The company said the Korea Hydro & Nuclear Power-led consortium has been chosen as the project's preferred bidder but clarified that no details, including value, have been finalized, according to a Friday disclosure with the Korean bourse.Hanwha Ocean said it will make further disclosures once specific details are decided or within one month.
KRX:042660
Asia
South Korean Shares Remain in Red Despite Positive US-Iran Peace Progress
South Korean shares closed in the red on Thursday despite positive progress made during the US and Iran dialogue in Doha.In an official post on X, Pakistan's Ministry of Foreign Affairs revealed the two parties agreeing to continue discussions following the funeral procession of the former Iranian Supreme Leader.The benchmark Korea Composite Stock Price Index, or Kospi, fell by 8%, or 655.32 points, to close at 7,648.09. The Kosdaq, fell by 7.7%, or 62.63 points, to end at 866.72.On the corporate front, Hanwha Ocean (KRX:042660) said it was named the preferred bidder for the design and lead ship construction of the KDDX commissioned by South Korea's Defense Acquisition Program Administration.The Korea Destroyer Next Generation (KDDX) program aims to build six next-generation Navy destroyers using locally developed technologies. The project is estimated to be worth 7.8 trillion won, or $5.1 billion, according to a The Korea Times report.
^KOSDAQKOSPIKRX:042660
Asia
Hanwha Ocean Selected as Preferred Bidder for South Korea's Navy Destroyer Project
Hanwha Ocean (KRX:042660) said it was named the preferred bidder for the design and lead ship construction of the KDDX commissioned by South Korea's Defense Acquisition Program Administration, according to a Thursday bourse filing.The Korea Destroyer Next Generation (KDDX) program aims to build six next-generation Navy destroyers using locally developed technologies. The project is estimated to be worth 7.8 trillion won, or $5.1 billion, according to a The Korea Times report.
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