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Hanwha turns a profit and bags largest order in 16 years

The South Korean shipyard has just won its largest single order in 16 years to build two very large crude carriers.
Strong sales growth helped the South Korean shipyard Hanwha Ocean turn a profit in 2023. | Photo: Stringer/Reuters/Ritzau Scanpix
Strong sales growth helped the South Korean shipyard Hanwha Ocean turn a profit in 2023. | Photo: Stringer/Reuters/Ritzau Scanpix
by JENS THOMSEN

South Korean shipyard Hanwha Ocean, the former Daewoo Shipbuilding & Marine Engineering, turned losses into profits in 2023.

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