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US Navy secretary scouts Korean shipbuilders for fleet support

US Secretary of the Navy Carlos Del Toro toured the shipyards of HD Hyundai Heavy Industries and Hanwha Ocean on Tuesday to explore their military shipbuilding capabilities for handling comprehensive support services for the US Navy fleet, as part of US defense needs to bolster its naval presence in Asia. Del Toro's visit to Korea comes as the US contemplates outsourcing naval ship maintenance, repair, and overh.

Hanwha fails to monopolize warship market as HD Hyundai avoids sanctions

Hanwha Ocean s endeavor to secure exclusive control of the Korean naval ship market was thwarted after rival HD Hyundai Heavy Industries (HHI) managed to avoid being banned from bidding for government contracts, according to industry officials, Wednesday.

Hanwha Ocean hit for first fatal industrial accident since acquisition

Hanwha Ocean is facing a setback in its production and a dispute with its labor union, after a 27-year-old subcontracted worker died last week from an explosion at the shipbuilder’s shipyard on Geoje Island, South Gyeongsang Province, according to industry officials, Tuesday.

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