Hanwha Ocean wins big VLCC newbuilding contract
The $256m deal is the troubled shipyard’s first large tanker contract in three years
Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, recently emerged from a takeover exercise, and has signed its biggest single contract in 16 years. The company is trying to turn itself around, but still posted an operating loss of Won197bn in 2023