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Hanwha Ocean's endeavor to secure exclusive control of the Korean naval ship market was thwarted after rival HD Hyundai Heavy Industries (HHI) managed to avoid being banned from bidding for government contracts, according to industry officials, Wednesday.
Fierce competition between HD Hyundai Heavy Industries (HHI) and Hanwha Ocean in the naval shipbuilding sector has found its way to the lawmakers of the ruling People Power Party (PPP), who have tried to support the shipbuilders, which are located in each of their respective constituencies, according to industry officials, Tuesday.
South Korea fortifies naval capabilities with advanced FFX Batch III frigates amidst regional security concerns and US alliance.
A model of Hanwha Ocean's FFX-III frigate on display at MADEX 2023 in Busan, South Korea. Hanwha Ocean has received a contract to build the final two Chungnam (FFX-III)-class guided-missile frigates for the Republic of Korea Navy (RoKN). The...
Intensifying competition between Hanwha and HD Hyundai in the shipbuilding industry is feared to help their Japanese rivals win construction orders for the Royal Canadian Navy's new submarines, according to industry experts, Wednesday.