Hanwha Ocean secures key US Navy contract for Ship Maintenance and Repair.

According to information published by Hanwha Ocean on July 23, 2024, the company has made a notable advancement in the global defense market by securing a Master Ship Repair Agreement (MSRA) with the US Navy.
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Artist rendering of Hanwha booth at Defense exhibition. (Picture source: Hanwha Ocean)

This milestone, achieved through collaboration with the Naval Supply Systems Command, positions Hanwha Ocean to bid on maintenance, repair, and overhaul (MRO) projects for US naval vessels over the next five years.

The MSRA serves as a crucial certification, affirming the quality and reliability of a company's naval vessel maintenance capabilities. With this agreement, Hanwha Ocean is poised to expand its presence in the global defense market, leveraging its proven expertise to support the operational readiness and longevity of US naval vessels.

Hanwha Ocean in 2024

One of the notable advancements for Hanwha Ocean is its involvement in the Republic of Korea (ROK) Navy’s unmanned systems projects. The company has been selected to design Reconnaissance Unmanned Underwater Vehicles (UUV) and Mine Warfare Unmanned Surface Vehicles (USV).

Hanwha Ocean is positioning itself to secure a substantial contract in Poland for submarine construction. The company organized an “Industry Day” in Gdańsk, engaging with local stakeholders to discuss potential collaboration.

In North America, Hanwha Ocean is actively pursuing the Canadian Patrol Submarine Project. The company has signed partnerships with several Canadian firms to strengthen its bid. This collaboration aims to enhance technological exchange and joint development efforts, positioning Hanwha Ocean as a strong contender to replace Canada’s aging Victoria-class submarines.