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

Friday, August 30th, 2024

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

Former 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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