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South Korea’s DSME Officially Rebranded ‘Hanwha OCEAN’
The acquisition of DSME by Hanwha Group has been formally approved. The newly created company will be known as Hanwha OCEAN.
26 April 2023
The acquisition of DSME by Hanwha Group has been formally approved. The newly created company will be known as Hanwha OCEAN.
The ROK Navy announced the selection of South Korean shipbuilder DSME for the concept design of an “Arsenal Ship” known locally as the “Joint Firepower Ship”.
South Korea’s DAPA held a keel laying ceremony for the first KSS-III Batch II submarine at the DSME shipyard.
South Korea’s DSME delivered ROKS Pohang (FFG-825), the sixth Daegu-class FFX Batch II frigate, to the Republic of Korea Navy (ROK Navy).
South Korean company Daewoo Shipbuilding & Marine Engineering (DSME) is in discussion with the Republic of Korea (ROK) Navy regarding the development of unmanned underwater vehicles (UUV) for combat roles.
Hanwha Group officially acquired Daewoo Shipbuilding & Marine Engineering (DSME) on December 16th in a deal worth 2 trillion Korean won (over $ 1.5 billion).
President of Daewoo Shipbuilding & Marine Engineering (DSME) Park Doo-seon revealed new details about the delayed submarine contract between the company and Indonesia during the Jakarta International Expo held last week.
Hanwha Group signed a memorandum of understanding (MoU) with Daewoo Shipbuilding & Maritime Engineering (DSME) on September 26, acquiring 49.3 percent of the South Korean Shipbuilder’s shares.
DSME is reportedly expected to face 90 billion KRW ($67 million USD) worth of financial loss…
Daewoo Shipbuilding & Marine Engineering (DSME) announced March 15 that it has signed a memorandum of understanding (MOU) with Babcock International for “technology development for naval vessels.”
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