Verified Nov 2026
Other
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Geoje-si, Gyeongsangnam-do
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Since 1973
Hanwha Ocean, headquartered in Geoje-si, South Korea, was founded in 1973 and operates as a publicly traded shipbuilding and offshore company with 10,000–50,000 employees and approximately $9.0B in revenue. It manufactures commercial vessels including LNG carriers and container ships, offshore facilities such as floating LNG platforms, and defense vessels including submarines and destroyers. The company serves automotive, electric-vehicle, military-defense, renewable-energy, and industrial-equipment sectors. In October 2026, the company won an order for two very large crude carriers.
Hanwha Ocean at a glance
Revenue
9.0B
Employees
10,000-50,000
Founded
1973
Headquarters
Geoje-si, Gyeongsangnam-do
Ownership
Publicly traded (KSC: 042660.KS)
Certifications
ISO 9001
Industries
Automotive
Electric Vehicles
Military & Defense
Renewable Energy
Industrial Equipment
STABILITY SIGNALS
Established & strong
53 years in operation (founded 1973).
Publicly listed; no distress event on record.
Holds ISO 9001 certification(s) per public sources.
Overview
Hanwha Ocean, headquartered in Geoje-si, South Korea, was founded in 1973 and operates as a publicly traded shipbuilding and offshore company with 10,000–50,000 employees and approximately $9.0B in revenue. It manufactures commercial vessels including LNG carriers and container ships, offshore facilities such as floating LNG platforms, and defense vessels including submarines and destroyers. The company serves automotive, electric-vehicle, military-defense, renewable-energy, and industrial-equipment sectors. In October 2026, the company won an order for two very large crude carriers.
At a glance
Attribute | Detail |
|---|---|
Founded | 1973 |
Headquarters | Geoje-si, Gyeongsangnam-do |
Employees | 10,000-50,000 |
Revenue | 9.0B |
Ownership | Publicly traded (KSC: 042660.KS) |
Certifications | ISO 9001 |
What Hanwha Ocean makes
The company manufactures LNG carriers, container ships, bulk carriers, drillships, floating LNG facilities, submarines, and destroyers, with capabilities in steel assembly and emissions reduction, and holds ISO 9001 certification.
Products and capabilities described on the company's own site include Assembly, Steel, Emissions (source: hanwhaocean.com).
Certifications
Hanwha Ocean is associated with the following certifications in public sources. Confirm the certified scope for the specific plant producing your part:
ISO 9001 — hanwhaocean.com
Latest developments
2026-10-30 — Hanwha Ocean Wins Order for Two Very Large Crude Carriers - Seoul Economic Daily (sedaily.com)
2026-10-30 — [Heavy Industry ON] Beyond Shipbuilding, Into 'the Entire Ocean'... Hanwha Ocean Expands Maritime Business in Line with Its Name - The Asia Business Daily (asiae.co.kr)
2026-10-27 — Hanwha Ocean Widens US Naval Footprint with $750M Capex Plan (eastasiabrief.com)
2026-10-21 — Hanwha Ocean to establish additional engineering center in Busan, invest 13.6 billion won - First-Class Business Newspaper Financial News (fnnews.com)
2026-09-11 — Hanwha Ocean adds MaumAI to welding automation push - Splash247 (splash247.com)
2026-02-20 — Hanwha Ocean, Ontario Systems Advance Naval Shipbuilding (hanwha.com)
Company details
Hanwha Ocean is a publicly traded company (ticker 042660.KS) owned by Hanwha Group since 2023, with operations spanning shipbuilding, offshore engineering, and defense vessel production. Hanwha Ocean was founded in 1973, has an estimated 10,000-50,000 employees, and is headquartered in Geoje-si, Gyeongsangnam-do. On the LightSource stability read it is rated "Established & strong": 53 years in operation (founded 1973). Publicly listed; no distress event on record. Holds ISO 9001 certification(s) per public sources.
Frequently asked questions
What does Hanwha Ocean do?
Hanwha Ocean, headquartered in Geoje-si, South Korea, was founded in 1973 and operates as a publicly traded shipbuilding and offshore company with 10,000–50,000 employees and approximately $9.0B in revenue. It manufactures commercial vessels including LNG carriers and container ships, offshore facilities such as floating LNG platforms, and defense vessels including submarines and destroyers. The company serves automotive, electric-vehicle, military-defense, renewable-energy, and industrial-equipment sectors. In October 2026, the company won an order for two very large crude carriers.
Where is Hanwha Ocean headquartered?
Hanwha Ocean is headquartered in Geoje-si, Gyeongsangnam-do.
When was Hanwha Ocean founded?
Hanwha Ocean was founded in 1973.
How big is Hanwha Ocean?
Hanwha Ocean has an estimated 10,000-50,000 employees, with revenue in the 9.0B range.
Is Hanwha Ocean publicly traded?
Publicly traded (KSC: 042660.KS). Public financial figures are drawn from its filings.
What certifications does Hanwha Ocean hold?
Hanwha Ocean lists ISO 9001 on its website. Confirm the certified scope for the specific plant producing your part.
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Last verified Nov 2026. Is this your company? Request a correction.
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