Hanwha Ocean Co., Ltd. 042660

The South Korean shipbuilder will deliver the dual-fuel Panamax VLGCs in 2030.

Each VLGC will be equipped with dual-fuel engines capable of burning LPG or conventional low-sulphur fuels.

STAMFORD, Conn., September 04, 2026--Dorian LPG Ltd. (NYSE: LPG) ("Dorian" or the "Company"), a leading owner and operator of modern very large gas carriers ("VLGCs"), today announced that it entered into an agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel Panamax VLGCs for delivery in June, September, and December of 2030 for a total price of approximately $345 million.

STORY:  "I'm pleased to announce that Canada has selected TKMS as the preferred supplier for Canada's patrol submarine project." Germany's TKMS is to build up to 12 submarines for Canada's navy.... as it deepens ties with Europe. TKMS, majority-owned by German conglomerate Thyssenkrupp, beat out a competing offer from South Korea's Hanwha Ocean. Speaking at a news conference, Canadian Prime Minister Mark Carney didn't give the cost of the purchase. "We face numerous and growing threats, from incursions in our Arctic to attacks in our cyberspace. The nature of warfare is changing rapidly, drive

Shares in South Korean shipbuilder Hanwha Ocean plunged almost 24% on Tuesday, after the company lost a multibillion-dollar contract for Canadian submarines to German naval shipbuilder TKMS. Kiel-based TKMS is to supply the country with up to 12 submarines, Canadian Prime Minister Mark Carney announced in Halifax on Monday.

With thousands of press releases published each week, it can be difficult to keep up with everything on Cision. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.

Hanwha Ocean and Ontario Shipyard Representatives Hanwha Ocean and Ontario Shipyard Representatives HAMILTON, Ontario, June 17, 2026 (GLOBE NEWSWIRE) -- Ontario Shipyards recently visited Hanwha Ocean’s Geoje Shipyard in the Republic of Korea as part of ongoing efforts to advance strategic co-operation between the two organizations to experience firsthand the world-class shipbuilding technology and production capabilities of one of the world’s leading shipbuilders. The Ontario Shipyards delegati

Hanwha Ocean Co., Ltd. ("Hanwha Ocean") today announced that it has entered into a non-binding Memorandum of Understanding ("MOU") with Kanata Clean Power & Climate Technologies Corp. ("Kanata") regarding the proposed development of Kanata LNG, a floating liquefied natural gas ("FLNG") export project planned for Prince Rupert, British Columbia, Canada. Kanata's proposed project is expected to have a capacity of up to 12 million tonnes per annum (MTPA).

Frontier Lithium Inc. ("Frontier") announces that it has entered into a non-binding memorandum of understanding (the "MoU") with Hanwha Corporation and Hanwha Ocean Co., Ltd. (collectively, "Hanwha") to establish a framework for evaluating potential cooperation across the lithium value chain.

Neural Concept, the world leader in AI-driven physical product development, today announced the opening of its first direct office in Seoul and its first in APAC. The new office reflects growing demand from Korean manufacturers that are moving beyond isolated AI pilots and toward production-scale deployment across engineering teams. Neural Concept has confirmed plans to expand its work, with direct local support now available for deployment, capability-building and long-term engineering transfor

Hanwha Ocean and Azure Sustainable Fuels Corp. ("Azure") today announced the signing of a Memorandum of Understanding (MOU) to explore potential investment opportunities supporting the growth, commercialization, and global expansion of sustainable aviation fuel (SAF) technologies in Canada.

Defense Metals (DEFN.V) has entered into a non-binding memorandum of understanding with South Korean

Defense Metals Corp. ("Defense Metals" or the "Company"; (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D) today announced that it has entered into a non-binding memorandum of understanding ("MOU") with Hanwha Ocean Co. Ltd ("Hanwha") and its affiliate Hanwha Corporation, signed on May 25, 2026, to explore a strategic collaboration involving the future supply of rare earth elements ("REEs") and potential investment opportunities.

Novarc and Hanwha Ocean sign MoU to leverage Novarc’s breakthrough AI and vision automation solutions specifically for the demanding requirements of commercial and naval shipbuilding Soroush Karimzadeh, CEO of Novarc and Gunho Kim, senior vice-president and head of the Naval Ship Technologies R&D Center at Hanwha Ocean VICTORIA, CANADA, May 26, 2026 (GLOBE NEWSWIRE) -- Novarc Technologies Inc., the industrial Physical AI company reinventing welding automation for the global fabrication industry,

Reaction Dynamics and Hanwha Ocean Co., Ltd. today announce the signing of a Memorandum of Understanding (MOU) to explore strategic investment in Reaction Dynamics as part of Hanwha Ocean's broader commitment to supporting the long-term growth of high-potential Canadian companies through a dedicated venture capital fund.

Algoma Steel Group Inc (ASTL) navigates a transformative quarter with record plate sales and strategic partnerships, despite facing operational and market challenges.