Hanwha Ocean wins $332 mn ship order from S.Korean Navy

Quick Summary:

South Korea's Hanwha Ocean Co.announced on Thursday that it was selected as the preferred bidder for the second auxiliary oiler replenishment (AOE)-II fast combat support ship construction project, commissioned by the South Korean Defense Acquisition Program Administration (DAPA).

Hanwha Ocean plans to incorporate improvement requirements identified from the operation of the lead ship, delivered to the Navy in 2018, into the construction of this logistics support ship.

By increasing the loading capacity by more than 2.3 times (over 10,000 tons) compared to the Cheonji-class (AOE-I), and enhancing performance such as maneuvering speed, Hanwha Ocean expects to improve the operational sustainability of the Navy's mobile task force and expanding maritime sovereignty areas.

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Category: Economy

Markets: South Korea

Topics: South Support Order Ship Construction $332 Hanwha Logistics Ocean Navy Wins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 12:24:34 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 194 words

Reading Time: 2 minutes read

Sentences: 14 lines

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Copyright Owner: © Korea Economic Daily

News ID: 21779764

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