Peter Mansbridge didn't tell Pierre Poilievre, podcast audience about work for South Korean firm | CBC News Peter Mansbridge says he didn't tell his podcast audience or Conservative Leader Pierre Poilievre about work he had done for a South Korean firm vying for Ottawa's defence business during a recent pod...

A new #ad from #HanwhaOcean featuring the familiar voice of retired CBC News anchor #PeterMansbridge has been running on YouTube to help the company make its case for the Canadian government to buy its next generation of #submarines from the #SouthKorea firm.
www.cbc.ca/news/canada/...

Who wants to buy a sub? Why South Korea's Hanwha is advertising around Ottawa OTTAWA — Ottawa residents and out-of-town travellers may have puzzled recently over a wave of ads in the downtown from a company trying to sell them submarines. Not the six-inch sandwich kind, either,...

#Canada’s new #defenceprocurement strategy omits fighter jets and subs.

#Submarines procurement is down to South Korea’s #HanwhaOcean and German firm #ThyssenKruppMarine Systems. #CAF #Cdnpoli #cdnpoli #CdnMilitary

Hanwha Inks Multiple Canadian Industry Deals worth $41.4B as Submarine Contest Enters Decisive Phase Steel, AI, satellite, space partnerships target offset rules in Canada’s $41.4 billion patrol submarine program

Hanwha Inks Multiple Canadian Industry Deals worth $41.4B as Submarine Contest Enters Decisive Phase

defensemirror.com/news/40952/H...

#Hanwha #HanwhaOcean #PatrolSubmarine #CanadaDefense
#SouthKoreaDefense #KoreaCanada #DefenseAI

Hanwha Inks Multiple Canadian Industry Deals worth $41.4B as Submarine Contest Enters Decisive Phase

defensemirror.com/news/40952/H...

#Hanwha #HanwhaOcean #PatrolSubmarine #CanadaDefense
#SouthKoreaDefense #KoreaCanada #DefenseAI

Algoma Steel receives $345M commitment from South Korean shipbuilder | CBC News An agreement between Algoma Steel and Hanwha Ocean would allow for the creation of a new structural steel beam mill in Sault Ste. Marie, which the federal government says could create hundreds of new ...

The plant announced today that #SouthKorean-based #HanwhaOcean has committed to providing #AlgomaSteel with up to $345 million for the creation of the mill and the purchase of Algoma products.

The agreement is dependent on whether South Korean businesses WIN a #submarinecontract to build a fleet.

Scorpio Tankers Expands Fleet with VLCC Newbuilds at Hanwha Ocean #ScorpioTankers signs deals with #HanwhaOcean to build two #VLCCs worth $128M each, marking a strategic push into the #crude #tanker market amid evolving global shipping dynamics.....

#ScorpioTankers signs deals with #HanwhaOcean to build two #VLCCs worth $128M each, marking a strategic push into the #crude #tanker market amid evolving global shipping dynamics.....

Lloyd’s List A shipowner’s survival guide to the US/China port fee war TELLING the teacher “But he started it!” is a classic playground tactic. And as countless generations of children have discovered, it is freq...

A shipowner’s survival guide to the US/China port fee war

-Beijing may enforce rules more leniently than Washington
-Present your ownership in most favourable (reasonable) light

t.me/LloydsListDa...

#Containers #Ports #Finance #UnitedStates #AsiaPacific #China #HanwhaOcean

Huisman Secures Contract to Supply 2,600mt Leg Encircling Crane for Hanwha Ocean Huisman has secured a third contract from #HanwhaOcean for a 2,600mt #LegEncirclingCrane, reinforcing its role in #offshorewind and heavy-lift #maritime logistics. Commissioning is scheduled in 2027 at Geoje shipyard.....

Huisman has secured a third contract from #HanwhaOcean for a 2,600mt #LegEncirclingCrane, reinforcing its role in #offshorewind and heavy-lift #maritime logistics. Commissioning is scheduled in 2027 at Geoje shipyard.....

Visa Crisis Looms Amid Strengthening Korea-U.S. Shipbuilding Ties As Korea and the United States deepen their collaboration under the “MASGA” initiative—Make American Shipbuilding Great Again—a recent wave of arrests targetin

A recent wave of arrests targeting undocumented Korean workers in the U.S. is sending shockwaves through the shipbuilding industry.
#shipbuilding #us #masga #collaboration #ship #arrest #trump #hanwha #hanwhaocean #it #itchosun #chosun #SouthKorea #Korea #NewsUpdate

South Korea’s Hanwha Ocean targets US Navy orders as Trump seeks shipbuilding ties SEOUL (Reuters) -South Korean shipbuilder Hanwha Ocean aims to boost its revenue from overseas military vessels to around 4 trillion won ($2.91 billion) by 2030 and hopes to pick up more repair orders from the U.S. Navy, a senior executive told Reuters. The Asian country is a major global shipbuilder and trade talks with the U.S. on tariffs brought up possible cooperation in the sector after U.S. President Donald Trump signed an executive order to restore U.S. shipbuilding. Hanwha Ocean, formerly Daewoo Shipbuilding (KS:042660), is one of the largest shipbuilders in the world with an order book of $31.43 billion as of the end of March. It acquired a U.S. shipyard in Philadelphia last year to expand in the market. Its naval ships business, which has built dozens of submarines and surface vessels used by the South Korean Navy, has won two orders from the U.S. Navy since last year to repair and overhaul its ships for the first time. "I think we may be the biggest shipyard in the world that has taken on these maintenance, repair and overhaul orders from the U.S. Navy," said Steve SK Jeong, head of the Naval Ship Global Business at Hanwha Ocean, days after U.S. Secretary of the Navy John Phelan visited its shipyard. "It is not very profitable, but learning the process of working with the U.S. Navy is valuable, which will help if we win newbuild orders." Hanwha Ocean hoped to win a double-digit number of U.S. Navy maintenance and repair orders before 2030, Jeong said. Trump has vowed to spend "a lot of money on shipbuilding" to restore U.S. capacity, and cited concern over how his country has fallen behind in an industry that is also dominated by China. Still, U.S. laws can make it harder for foreign shipyards even if they have U.S. operations. They are prohibited from building U.S. Navy vessels, due to the Byrnes-Tollefson Amendment of the U.S. Department of Defense Appropriations Act. TRANSPLANTING PROCESSES Hanwha Ocean’s Philadelphia Shipyard is trying to get a licence that clears it to build U.S. Navy vessels, but transplanting cutting-edge manufacturing processes honed from competition with other South Korean and Chinese shipyards is not as simple as bringing in some automated welding machines, Jeong said. "I think the U.S. shipbuilding industry hasn’t had to compete very much. Facilities are old, and there’s a shortage of technicians," Jeong said. "We are looking to modernise facilities, train and equip workers, and bring in our manufacturing process that can build the same ship in, I think, two-thirds the time or less as that of a U.S. shipyard." Jeong said the company is investing in South Korea to use existing facilities and expand naval ship capacity to build five submarines and three surface vessels at the same time by 2029, from two submarines and two surface vessels now. Despite building 17 submarines for the South Korean Navy since 1987, Hanwha Ocean has only actively competed for overseas orders in the last few years as South Korea’s low birthrate and shrinking military-age population risk cooling local demand. It is competing to export submarines to Poland and Canada, a frigate to Thailand as well as knocking on the door in markets in the Middle East, South America, North Africa and Southeast Asia, to build up a sustained flow of orders that would bring foreign sales to 4 trillion won by 2030, Jeong said. ($1 = 1,376.08 won)

Click Subscribe #SouthKorea #HanwhaOcean #USNavy #shipbuilding #defenseindustry

Korea Development Bank to sell shares in Hanwha Ocean, paper reports SEOUL (Reuters) -South Korea’s state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday. KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday, the newspaper reported, without citing clear sources. KDB was unavailable for comment after business hours. KDB is the second-largest shareholder in Hanwha Ocean, after Hanwha Aerospace, which owns a 30.4% stake, according to LSEG data. The shipbuilder, previously Daewoo Shipbuilding (KS:042660) & Engineering whose largest shareholder was KDB, was acquired by Hanwha Group in a takeover deal in 2022. Hanwha Ocean shares have risen 139% so far this year to their highest levels since July 2015 amid growing hopes for cooperation with the United States. U.S. President Donald Trump, since his election victory last November, has sought cooperation with South Korean shipbuilders, such as Hanwha Ocean, which acquired a shipyard in Philadelphia last year.

Click Subscribe #KoreaDevelopmentBank #HanwhaOcean #StockMarket #Investing #FinancialNews

South Korea Aims to Leapfrog in Global Submarine Tech Development Key focus areas include sonar, stealth & material tech to power next-gen K-submarines, sharpen export edge

South Korea Aims to Leapfrog in Global Submarine Tech Development

defensemirror.com/news/39359/S...

#SouthKorea #SubmarineTech #KSubmarine #DAPA #HanwhaOcean #NavalInnovation #DefenseTech #MilitaryExports #SonarSystem #StealthSubmarine #KSSIII #UnderwaterWarfare #DefenseIndustry #GlobalDefense

South Korea Aims to Leapfrog in Global Submarine Tech Development Key focus areas include sonar, stealth & material tech to power next-gen K-submarines, sharpen export edge

South Korea Aims to Leapfrog in Global Submarine Tech Development

defensemirror.com/news/39359/S...

#SouthKorea #SubmarineTech #KSubmarine #DAPA #HanwhaOcean #NavalInnovation #DefenseTech #MilitaryExports #SonarSystem #StealthSubmarine #KSSIII #UnderwaterWarfare #DefenseIndustry #GlobalDefense

South Korea Aims to Leapfrog in Global Submarine Tech Development Key focus areas include sonar, stealth & material tech to power next-gen K-submarines, sharpen export edge

South Korea Aims to Leapfrog in Global Submarine Tech Development

defensemirror.com/news/39359/S...

#SouthKorea #SubmarineTech #KSubmarine #DAPA #HanwhaOcean #NavalInnovation #DefenseTech #MilitaryExports #SonarSystem #StealthSubmarine #KSSIII #UnderwaterWarfare #DefenseIndustry #GlobalDefense

South Korea Aims to Leapfrog in Global Submarine Tech Development Key focus areas include sonar, stealth & material tech to power next-gen K-submarines, sharpen export edge

South Korea Aims to Leapfrog in Global Submarine Tech Development

defensemirror.com/news/39359/S...

#SouthKorea #SubmarineTech #KSubmarine #DAPA #HanwhaOcean #NavalInnovation #DefenseTech #MilitaryExports #SonarSystem #StealthSubmarine #KSSIII #UnderwaterWarfare #DefenseIndustry #GlobalDefense

Il progetto di turbina eolica galleggiante Windhive ottiene Approvazione da DNV DNV ha rilasciato l’approvazione di principio (AiP) per la progettazione pre-FEED della piattaforma eolica galleggiante offshore WindHive 15-H3 di Hanwha Ocean DNV ha rilasciato l’Appro…

#DNV ha rilasciato l’Approvazione di principio (#AiP) per la progettazione pre-FEED (Front-End Engineering and Design) della piattaforma #eolica #galleggiante offshore #WindHive 15-H3 della coreana #HanwhaOcean.
viacolvento.blog/2025/01/15/i...

Hanwha Ocean, WB Electronics Sign MOU for Orka Submarine Program Collaboration at MSPO 2024 The proposal also encompassed broader technology transfer initiatives beyond shipbuilding.

Hanwha Ocean, WB Electronics Sign MOU for Orka Submarine Program Collaboration at MSPO 2024
The proposal also encompassed broader technology transfer initiatives beyond shipbuilding.
www.defensemirror.com/news/37615/H...
#HanwhaOcean
#WBElectronics
#MSPO2024

#PolishNavy
#KSSIII
#ROKNavy

South Korea Starts Constructing Second Jangbogo-Ⅲ Batch-Ⅱ Submarine This submarine is scheduled for completion by 2026, followed by a sea trial, and delivery to the Navy in 2028.

South Korea Starts Constructing Second Jangbogo-Ⅲ Batch-Ⅱ Submarine
This submarine is scheduled for completion by 2026, followed by a sea trial, and delivery to the Navy in 2028.
www.defensemirror.com/news/37266/S...
#DAPA
#JangbogoIII
#SubmarineConstruction
#HanwhaOcean

Hanwha Ocean Forges Tripartite Partnership for Canadian Patrol Submarine Project Canada wants to procure new submarine to replace the Navy's Victoria-class

Hanwha Ocean Forges Tripartite Partnership for Canadian Patrol Submarine Project
defensemirror.com/news/36955/H...
#HanwhaOcean #Canada #CAEInc #CurtissWrightIndalTechnologies #GASTOPS #CanadianPatrolSubmarineProject #CANSEC2024 #DeepBlueForum #TeamingAgreement #MemorandumOfUnderstanding