South Korean shipbuilding company
Hanwha Ocean Co., Ltd.
(
Korean
:
韓華오션
;
RR
:
Hanhwa Osyeon
), formerly known as
Daewoo Shipbuilding & Marine Engineering
(
DSME
;
Korean
:
大宇造船海洋
;
Hanja
:
大宇造船海洋
;
RR
:
Daeu Joseon Haeyang
), is one of the "Big Three" shipbuilders of
South Korea
, along with
Hyundai
and
Samsung
.
History
[
edit
]
On 21 February 2011, the
A. P. Moller-Maersk Group
(Maersk) ordered 10 large
container ships
from DSME, each with a capacity of 18,000 containers, surpassing the then record holder; the
Mærsk E-class
at 15,200 containers.
[2]
The contract is worth $1.9bn.
[3]
The first was to be delivered in 2014. In June 2011, Maersk ordered ten more, for another $1.9bn.
[3]
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 $1.07 billion to build three
Indonesian submarines
.
[4]
It also would mark the first exports of submarines from South Korea.
[5]
On 22 February 2012, a £452 million order was placed with DSME for four 37,000 tonne
double hulled
'
MARS
'
fast fleet tankers
by Britain's
Ministry of Defence
for the
Royal Fleet Auxiliary
. The ships entered service in 2017.
The firm built 15 LNG icebreaker/tanker ships commissioned by
Yamal LNG
which will be used to export
liquefied natural gas
from the Russian Arctic. Each icebreaker/tanker is designed to operate year-round from the Yamal Peninsula and to break ice up to 2.5 meters thick. The tankers were designed in Finland by
Aker Arctic Technology Inc.
[6]
[7]
The South Korean Board of Audit and Inspection found
\
1.5 trillion (equivalent to \1.53 trillion or
US$
1.35 billion in 2017)
[8]
of accounting fraud in DSME's books on 15 June 2016.
[9]
In July, 2016, shares in DSME were suspended from trading, and were announced to be suspended until at least September 28, 2017.
[10]
After suffering losses of Won3.3tn in 2015 and Won2.7tn in 2016, it was given a
\
2.9 trillion (
US$
2.57 billion) government loan in March 2017 to prevent bankruptcy.
[11]
In 2017, it was uncovered that North Korea may have hacked the company and stole company's blueprints in April 2016.
[12]
In December 2022,
Hanwha Group
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.
[13]
Ships built
[
edit
]
- Crane vessels
- Container ships
- Submarines
- Surface naval
- Tank ships
See also
[
edit
]
References
[
edit
]
- ^
a
b
c
d
e
f
g
h
i
"Hanwha Ocean 042660"
. FnGuide. December 2022. Archived from
the original
on 23 January 2024
. Retrieved
23 January
2024
.
- ^
Emma Mærsk
Archived
2009-03-27 at the
Wayback Machine
- ^
a
b
"Triple-E Class Container Ships"
.
ship-technology.com
. Retrieved
2014-10-10
.
- ^
"RI orders 3 submarines worth $1b in regional 'catch-up'
"
. December 22, 2011.
- ^
"DSME to Build Three Submarines for Indonesia"
. October 10, 2011.
- ^
Eric Roston (July 9, 2018).
"Russia Is Building $320 Million Icebreakers to Carve New Arctic Routes: The 1,000-foot-long vessels for hauling liquefied natural gas can cut through ice up to 7 feet thick"
.
Bloomberg
. Retrieved
July 11,
2018
.
- ^
"Aker Arctic Technology Inc Newsletter"
(PDF)
.
akerarctic.fi
. Aker Arctic. March 2018. p. 10. Archived from
the original
(PDF)
on July 11, 2018
. Retrieved
July 11,
2018
.
- ^
1906 to 1911
:
Williamson J.
(1999),
Nominal Wage, Cost of Living, Real Wage and Land Rent Data for Korea 1906-1939
1912 to 1939
: Mizoguchi, T. (1972).
Consumer Prices and Real Wages in Taiwan and Korea Under Japanese Rule
. Hitotsubashi Journal of Economics, 13(1), 40-56. Retrieved May 21, 2021. Afterwards, consumer price index from
Statistics Korea
.
Consumer Price Index by year
. Retrieved 3 April 2018
- ^
"Watchdog finds 1.5 tln in accounting fraud in Daewoo Shipbuilding"
.
Yonhap News Agency
. 15 June 2016
. Retrieved
22 June
2016
.
- ^
Kyunghee Park (29 September 2016).
"Daewoo Shipbuilding Told by Exchange to Improve Financials"
. Bloomberg.
- ^
Youkyung Lee (23 March 2017).
"South Korea to inject $2.6 bln into ailing shipyard Daewoo"
. SFGate. Archived from
the original
on 24 March 2017.
- ^
"North Korea hacked Daewoo Shipbuilding, took warship blueprints"
.
Reuters
. 2017-10-31.
- ^
Park, Jae-Hyuk (27 December 2022).
"Competition intensifies between Hanwha, HD Hyundai in shipbuilding industry"
.
The Korea Times
. Dongwha Enterprise
. Retrieved
28 December
2022
.
External links
[
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]
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