Increased Production Volume and Enhanced Construction Efficiency
Contributing to Economic Revitalization
Hanwha Ocean (CEO Kim Heecheol) will introduce a new ultra-large floating dock and an offshore crane.
On April 28, the company announced that it will introduce a world-class floating dock and a 6,500-ton ultra-large offshore crane to enhance production capacity.
A Hanwha Ocean representative explained that the company is making an investment of approximately 600 billion KRW as part of a strategy to increase production volume and construction efficiency, thereby further strengthening its global competitiveness.
Hanwha Ocean plans to introduce one new floating dock by the end of March 2027. The new floating dock will be 480 meters long, 97 meters wide, and have a lifting capacity of 180,000 tons, making it an ultra-large facility. Once this floating dock becomes fully operational, the company expects to optimize production by separating the roles of the existing docks, which will allow it to increase ship production volume. Hanwha Ocean currently operates a total of five docks: two dry docks and three floating docks.
The company will also introduce a new 6,500-ton ultra-large offshore crane. This crane will be capable of directly lifting and installing large blocks, significantly simplifying processes that previously required the parallel operation of two 3,600-ton offshore cranes.
As a result, construction efficiency is expected to improve significantly. The offshore crane is scheduled to be introduced and deployed in the production process by the end of November 2027.
Through this equipment investment, Hanwha Ocean aims to reduce its reliance on externally leased facilities and further strengthen its global competitiveness by increasing ship production volume and construction efficiency.
In line with the expansion of production capacity, the company also plans to create new jobs and invest in related infrastructure, which is expected to contribute to revitalizing the local economy in Geoje.
A Hanwha Ocean representative stated, "The investment in additional floating docks and ultra-large offshore cranes is not just an expansion of production facilities, but part of a long-term strategy to lead the future marine industry," adding, "Through continuous investment, we will realize our vision of becoming a Global Ocean Solution Provider."
On April 28, Hanwha Ocean also disclosed its consolidated results, reporting sales of 3.1431 trillion KRW and operating profit of 258.6 billion KRW for the first quarter of 2025.
First-quarter sales saw a slight decrease compared to the previous quarter due to a reduction in working days. However, operating profit improved significantly quarter-on-quarter, driven by a reduced proportion of low-priced container ships and increased sales of highly profitable LNG carriers.
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