Trump said that the frigates will be built at the Philadelphia shipyards, which Hanwha had invested $5 billion into.

South Korea’s DAPA announced that it will select the contractor for the detailed design and construction of the lead ship of ...

MW Shinan Ui project advances after years of delays amid government reforms to speed approvals and boost renewables.

Seoul wants to join the undersea naval elite – and has received the blessing of US President Donald Trump to do just that.

US President Donald Trump said Monday that the US Navy plans to build a new class of frigate in cooperation with South ...

US President Donald Trump said Monday that South Korea's Hanwha will work with the US Navy for the construction of new ...

Speculation is growing that Hanwha Ocean could be allowed to join the Korean Next-Generation Destroyer (KDDX) project, following President Lee ...

Hanwha Ocean's stock rallied after President Trump announced a new battleship building plan for his "Golden Fleet" vision, shining a brighter spotlight on the South Korean ship maker tasked with ...

China said Monday it would suspend sanctions against US subsidiaries of Hanwha Ocean, one of South Korea's largest shipbuilders, as a fragile trade truce between Washington and Beijing continued to ...