Hanwha Ocean Co., Ltd. (), formerly known as Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME; ), is one of the "Big Three" shipbuilders of
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
, along with
Hyundai Hyundai is a South Korean industrial conglomerate (" chaebol"), which was restructured into the following groups:
* Hyundai Group, parts of the former conglomerate which have not been divested
** Hyundai Mobis, Korean car parts company
** Hyundai A ...
and
Samsung
The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the ...
.
History
On 21 February 2011, the
A. P. Moller-Maersk Group (Maersk) ordered 10 large
container ship
A container ship (also called boxship or spelled containership) is a cargo ship that carries all of its load in truck-size intermodal containers, in a technique called containerization. Container ships are a common means of commercial intermoda ...
s from DSME, each with a capacity of 18,000 containers, surpassing the then record holder; the
Mærsk E-class at 15,200 containers. The contract is worth $1.9bn.
The first was to be delivered in 2014. In June 2011, Maersk ordered ten more, for another $1.9bn.
The new class is called the
Triple E class.
On December 20, 2011, Daewoo Shipbuilding Marine Engineering won the largest single defense contract by a Korean firm; valued at $1.07 billion to build three
Indonesian submarines. It also would mark the first exports of submarines from South Korea.
On 22 February 2012, a £452 million order was placed with DSME for four 37,000 tonne
double hull
A double hull is a ship hull design and construction method where the bottom and sides of the ship have two complete layers of watertight hull surface: one outer layer forming the normal hull of the ship, and a second inner hull which is some dist ...
ed '
MARS
Mars is the fourth planet from the Sun and the second-smallest planet in the Solar System, only being larger than Mercury. In the English language, Mars is named for the Roman god of war. Mars is a terrestrial planet with a thin at ...
'
fast fleet tankers by Britain's
Ministry of Defence
{{unsourced, date=February 2021
A ministry of defence or defense (see spelling differences), also known as a department of defence or defense, is an often-used name for the part of a government responsible for matters of defence, found in state ...
for the
Royal Fleet Auxiliary
The Royal Fleet Auxiliary (RFA) is a naval auxiliary fleet owned by the UK's Ministry of Defence. It provides logistical and operational support to the Royal Navy and Royal Marines. The RFA ensures the Royal Navy is supplied and supported by ...
. The ships entered service in 2017.
The firm is building 15 LNG icebreaker/tanker ships commissioned by
Yamal LNG which will be used to export
liquefied natural gas
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the vol ...
from the Russian Arctic. Each icebreaker/tanker is designed to operate year-round from the Yamal Peninsula and to break ice up to 2.5 meters thick. The tankers were designed in Finland by
Aker Arctic Technology Inc.
The South Korean Board of Audit and Inspection found of accounting fraud in DSME's books on 15 June 2016. In July, 2016, shares in DSME were suspended from trading, and were announced to be suspended until at least September 28, 2017. After suffering losses of Won3.3tn in 2015 and Won2.7tn in 2016, it was given a government loan in March 2017 to prevent bankruptcy.
In 2017, it was uncovered that North Korea may have hacked the company and stole company's blueprints in April 2016.
In December 2022,
Hanwha Group
, former_name = Korea Explosives Group
, type = Public
, traded_as =
, industry = Conglomorate
, founded =
, founder = Kim Chong-hee
, hq_location_city = Seoul
, hq_location_country = South Korea
, area_served = Global
, key_people = K ...
announced that it would acquire a controlling 49.3 percent stake in Daewoo Shipbuilding & Marine Engineering worth 2 trillion won (US$1.5 billion). The deal was supported by the
Korea Development Bank in an attempt to improve competition in the Korean shipbuilding industry.
Ships built
* container ships
** 20
** 11 (Gen2)
** 10 of 16
** 8 of 14
** 6
** 5
** 6 of 14
** 23
** 6
** 5
* submarines
** 3
Type 214
** 8 of 9
** 2
** 2 of 9
* surface naval
** 3 of 6 s
** 3 s
** 4 of 8 s
** 3 of 9 s
** 1 of 4 s
* other
** 5 s
See also
*
Daewoo dissolution and corruption scandal
References
External links
*
Accounting scandals
Daewoo
Manufacturing companies based in Seoul
Scandals in South Korea
Shipbuilding companies of South Korea
Companies listed on the Korea Exchange
South Korean brands
Hanwha subsidiaries
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