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South Korea’s Hanwha Wins First U.S. Navy Maintenance Contract

Rich Abott By
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South Korea’s Hanwha Wins First U.S. Navy Maintenance Contract
Secretary of the Navy Carlos Del Toro visits Hanwha Ocean shipyard in Geoje, Republic of Korea on Feb. 27, 2024. (Photo: U.S. Navy via Hanwha Ocean photo/released)

South Korean shipyard operator Hanwha Ocean recently announced it won the first U.S. Navy contract to perform maintenance on a logistics support ship. This award comes a month after Hanwha announced it obtained a Master Ship Repair Agreement (MSRA) certification, which is a necessary step in being awarded this kind of foreign maintenance contract. The MSRA certification period usually lasts for a year, but Hanwha achieved it in seven months.  The MSRA covers Hanwha Ocean’s Goeje Shipyard, near Busan, where…

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