Day: February 23, 2024

Hanwha Ocean bags 342 bln-won order for crude carriers

Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a 342 billion-won (US$256 million) order for two very large crude carriers (VLCCs) from an Oceanian shipper.

The VLCCs will be built at Hanwha Ocean’s shipyard in Geoje on the so…

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Hanwha Systems shifts to black in 2023

Hanwha Systems Co. on Friday reported its 2023 net profit of 343.1 billion won (US$258.1 million), swinging from a loss of 80.8 billion won a year earlier.

Operating income for the year was 92.9 billion won, up 137.6 percent on-year, the company sai…

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Hanwha Systems turns to profits in Q4

Hanwha Systems Co. on Friday reported its fourth-quarter net income of 42.2 billion won (US$31.8 million), shifting from a loss of 47.5 billion won a year earlier.

Operating income for the October-December period was 11 billion, compared with a loss…

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