Hanwha Ocean
한화오션 · 042660
Industrials Machinery · KOSPI
Market cap US$25.8B (₩35.5T)
Overview
Hanwha Ocean is a Korean shipbuilder that designs and builds large vessels and offshore structures.
Its products include container ships, tankers, gas carriers, submarines, and other naval ships, as well as offshore oil and gas platforms. The company operates one of Korea's large shipyards and serves shipping lines, energy firms, and the military. It was formerly known as Daewoo Shipbuilding and Marine Engineering before the Hanwha group acquired it.
Summary is AI-generated and may contain errors · figures from DART filings
Financials
Source: DART · FY ending Dec · latest FY2025Revenue
- FY2023US$5.4B
- FY2024US$7.8B
- FY2025US$9.3B
Operating profit
- FY2023−US$142.4M
- FY2024US$172.4M
- FY2025US$846.1M
Net income
- FY2023US$116M
- FY2024US$382.8M
- FY2025US$902.8M
Key ratios (FY2025)
Why it matters
It is now part of the Hanwha group, after years operating as Daewoo Shipbuilding and Marine Engineering.
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