Securing the Global Submarine Market
Strengthening Cooperation with Babcock International

Hanwha Ocean announced on the 12th that it will strengthen cooperation with UK defense company Babcock International to secure leadership in the global submarine market.


On the previous day, key officials including Sir Nick Hine, Head of International at Babcock International, visited Hanwha Ocean’s Siheung R&D Campus.


Hanwha Ocean introduced Babcock International officials to its state-of-the-art research facilities and competitive submarine-related technologies. The two companies also discussed ways to provide optimal solutions tailored to the demand in the global submarine market.


Hanwha Ocean explained, "This visit by Babcock International is an exchange between private companies that puts into practice the spirit of the 'Memorandum of Understanding on Joint Defense Export between the Two Countries' signed between the governments of the Republic of Korea and the United Kingdom in November last year, as well as the 'Letter of Intent for Partnership' to deepen mutual defense cooperation."


Babcock International is a global specialized defense company with capabilities in submarine maintenance and parts procurement, responsible for in-service support (ISS) throughout the submarine lifecycle in countries including the UK and Canada. It is also participating in the Jangbogo-III project currently being constructed by Hanwha Ocean, supporting product technology advancement.


Sir Nick Hine, Head of International at Babcock International, said, "It was an interesting visit where I could see at a glance Hanwha Ocean’s technological capabilities and R&D efforts that created the Jangbogo-III submarine, which is attracting attention in the global defense industry. Babcock will team up with Hanwha Ocean, which has excellent submarine design and construction capabilities, to pioneer new global markets." Sir Nick Hine, who oversees AUKUS and international divisions at Babcock International, is a former Deputy Chief of the UK Royal Navy Staff.


Hanwha Ocean is proposing the Jangbogo-III class submarine for Poland’s ORKA project and Canada’s CPSP (Canadian Patrol Submarine Program) project. In this process, it is collaborating with Babcock International.


On the 11th, at the Siheung R&D Campus in Gyeonggi, Hanwha Ocean's Jeong Seung-gyun, Head of the Special Ship Overseas Business Division (fourth from the right), Nick Hyne, Head of the International Division at Babcock International, UK (fifth from the right), and other representatives from both companies discussed ways to strengthen global submarine cooperation and took a commemorative photo. Photo by Hanwha Ocean

On the 11th, at the Siheung R&D Campus in Gyeonggi, Hanwha Ocean's Jeong Seung-gyun, Head of the Special Ship Overseas Business Division (fourth from the right), Nick Hyne, Head of the International Division at Babcock International, UK (fifth from the right), and other representatives from both companies discussed ways to strengthen global submarine cooperation and took a commemorative photo. Photo by Hanwha Ocean

View original image

In June last year, Hanwha Ocean partnered with Babcock Canada to sign a Technical Cooperation Agreement for the CPSP project and held a submarine maintenance technology exchange seminar between the two companies in Seoul. Babcock Canada is conducting the submarine ISS project for the Canadian government.


Seungkyun Jung, Vice President and Head of Hanwha Ocean’s Special Ship Overseas Business Division, stated, "Hanwha Ocean and Babcock are ready to secure leadership in the global submarine market as a 'Total Solution Provider' in platform export and ISS commercialization through their complementary product lines and capabilities."



Vice President Jung added, "Taking this visit by Sir Nick Hine as an opportunity, we will further solidify the cooperative relationship between the two companies and contribute to the development of not only current customers but also future potential clients as a team."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing