Native name | 한화오션 주식회사 |
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Formerly |
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Company type | Public |
KRX: 042660 | |
Industry | |
Founded | 23 October 2000 |
Headquarters | 3370, Geoje-daero, , |
Number of locations | 3: Okpo, Houston, London |
Area served | Worldwide |
Key people |
|
Products |
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Revenue | ₩4.8602 trillion [1] (2022) |
₩−1.6136 trillion [1] (2022) | |
₩−1.7448 trillion [1] (2022) | |
Total assets | ₩12.2357 trillion [1] (2022) |
Total equity | ₩745 billion [1] (2022) |
Owner |
|
Number of employees | 8,645 (March 31, 2022) |
Parent | Hanwha Group |
Website |
Official website in English Official website in Korean |
Hanwha Ocean Co., Ltd. ( Korean: 한화오션; RR: Hanhwa Osyeon), formerly known as Daewoo Shipbuilding & Marine Engineering (DSME; Korean: 대우조선해양; Hanja: 大宇造船海洋; RR: Daeu Joseon Haeyang), is one of the "Big Three" shipbuilders of South Korea, along with Hyundai and Samsung.
Hanwha Ocean | |
Hangul | 한화오션 |
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Revised Romanization | Hanhwa Osyeon |
McCune–Reischauer | Hanhwa Osyŏn |
On 21 February 2011, the A. P. Moller-Maersk Group (Maersk) ordered 10 large container ships from DSME, each with a capacity of 18,000 containers, surpassing the then record holder; the Mærsk E-class at 15,200 containers. [2] The contract is worth $1.9bn. [3] The first was to be delivered in 2014. In June 2011, Maersk ordered ten more, for another $1.9bn. [3] The new class is called the Triple E class.
On December 20, 2011, Daewoo Shipbuilding Marine Engineering won the largest single defense contract by a Korean firm; valued at $1.07 billion to build three Indonesian submarines. [4] It also would mark the first exports of submarines from South Korea. [5]
On 22 February 2012, a £452 million order was placed with DSME for four 37,000 tonne double hulled ' MARS' fast fleet tankers by Britain's Ministry of Defence for the Royal Fleet Auxiliary. The ships entered service in 2017.
The firm is building 15 LNG icebreaker/tanker ships commissioned by Yamal LNG which will be used to export liquefied natural gas from the Russian Arctic. Each icebreaker/tanker is designed to operate year-round from the Yamal Peninsula and to break ice up to 2.5 meters thick. The tankers were designed in Finland by Aker Arctic Technology Inc. [6] [7]
The South Korean Board of Audit and Inspection found ₩1.5 trillion (equivalent to ₩1.53 trillion or US$1.35 billion in 2017) [8] of accounting fraud in DSME's books on 15 June 2016. [9] In July, 2016, shares in DSME were suspended from trading, and were announced to be suspended until at least September 28, 2017. [10] After suffering losses of Won3.3tn in 2015 and Won2.7tn in 2016, it was given a ₩2.9 trillion ( US$2.57 billion) government loan in March 2017 to prevent bankruptcy. [11]
In 2017, it was uncovered that North Korea may have hacked the company and stole company's blueprints in April 2016. [12]
In December 2022, Hanwha Group announced that it would acquire a controlling 49.3 percent stake in Daewoo Shipbuilding & Marine Engineering worth 2 trillion won (US$1.5 billion). The deal was supported by the Korea Development Bank in an attempt to improve competition in the Korean shipbuilding industry. [13]