Hanwha's New Look for Geoje Crane... Hanwha Ocean "Leading the Marine Paradigm Shift"

Continued Investment in Shipyards Including Replacement of Aging Cranes and Extension of Quay Walls
Expansion from 3 Research Institutes to 5 Research Centers... Strengthening Technological Competitiveness

Hanwha Ocean announced on the 27th that it has completed the Corporate Identity (CI) integration process just three months after joining the Hanwha Group by applying the 'Hanwha' logo to the Goliath cranes at its Geoje plant.

Hanwha Ocean owns four of the world's largest Goliath cranes at its Geoje plant, each over 100 meters tall and 150 meters wide. The CI replacement work on the Goliath cranes was carried out during vacation periods and weekends to avoid disrupting production. This is why it took three months for Hanwha Ocean, which was launched on May 23, to adopt the new Hanwha name.

Hanwha Ocean Geoje Plant View [Photo by Hanwha Ocean]

Recently, Hanwha Ocean announced a strategy to leap forward as a ‘Global Ocean Solution Provider’ leading the future marine industry paradigm. To secure ‘super-gap defense’ solutions, Hanwha Ocean is focusing on establishing overseas production bases and acquiring unmanned and advanced warship technologies. It plans to develop eco-friendly and digital ships to secure leadership in the future shipbuilding market. By completing the value chain of the offshore wind power business, which is expected to grow by 18% annually, Hanwha Ocean aims to provide total offshore wind power services and build a ‘Smart Yard’ to secure sustainable competitiveness. To achieve this, the company plans to invest approximately 2 trillion KRW with the goal of reaching over 30 trillion KRW in sales and more than 5 trillion KRW in operating profit by 2040.

The newly transformed Hanwha Ocean Geoje plant serves as an advanced base to implement this strategy. The Geoje plant is also continuously investing in production facilities that were previously insufficient. It is replacing aging cranes and extending the quay wall within the Geoje plant. Through these investments, the company plans to enhance production efficiency and competitiveness for eco-friendly vessels such as LNG carriers.

Continuous investment is also planned to build a Smart Yard. With an investment of 300 billion KRW, the current automation rate of around the mid-10% range will be increased up to 70% by process. This aims to create a safer workplace while transforming into a Smart Yard with overwhelming productivity based on automation.

To strengthen the technological competitiveness pursued by Hanwha Ocean, the research organization has also been reorganized. The previous three research institutes have been restructured into five research centers: Basic Performance Research Center, Eco-friendly Energy Research Center, Digital Solution Research Center, Defense Technology Research Center, and Production Innovation Research Center. Through this, Hanwha Ocean aims not only to enhance competitiveness of existing products but also to proactively secure eco-friendly and smart technologies, thereby strengthening global competitiveness and technological capabilities.

A Hanwha Ocean official stated, "With the completion of the corporate identity integration, we will go beyond maximizing the fundamental competitiveness of the shipbuilding industry and achieve a paradigm shift in the future marine industry."

Hanwha Ocean Geoje Plant View
[Photo by Hanwha Ocean]

This content was produced with the assistance of AI translation services.