Hanwha Ocean to expand yard
South Korean shipbuilding major Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), is to expand its shipyard on the back of bumper profits and a lengthy orderbook stretching deep into the end of the decade. Hanwha Ocean delivered a 388% surge in first-quarter operating profit, while announcing yesterday plans to spend KRW600bn …
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