South Korea’s Hanwha Buys Nearly 10 Percent Shareholding In Australia’s Austal, Seeks 20 Percent

3 months ago by Rich Abott
@ReaderRabott

A major South Korean conglomerate this week purchased a significant stake in Australian shipbuilder Austal, with hopes of expansion. On March 18 Hanwha Group said it acquired a 9.9 percent […] ...

Incoming Philly Shipyard Owners Aim To Bring It Back To 1940s Prominence Plus Incoming M&As and Partnerships

8 months ago by Rich Abott
@ReaderRabott

The CEO of the U.S. subsidiary of a Korean conglomerate buying Philly Shipyard recently said they want to return to the level of national prominence it had in the 1940s […] ...

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

10 months ago by Rich Abott
@ReaderRabott

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 […] ...

Korea’s Hanwha Signs $1 Billion Artillery Deal With Romania, Looks To Offer Redback IFV

11 months ago by Matthew Beinart
@mbeinart22

South Korea’s Hanwha Aerospace has signed a $1 billion deal with Romania for artillery equipment, with the company also planning to offer its Redback platform for Bucharest’s effort to modernize […] ...