Shares of Hanwha Ocean are on the rise after the company secured its first-ever contract for a U.S. Navy project.



As of 9:48 a.m. on March 31, Hanwha Ocean was trading at 122,100 won, up 3,900 won (3.3%) from the previous trading day.

[Market Focus] Hanwha Ocean Rises 3% on First U.S. Navy Contract Win View original image

Hanwha Ocean's Subic Shipyard and Hanwha Defense USA will participate as subcontractors to the ship design company Birdon Marine US in the U.S. Navy's next-generation logistics support program. Hanwha will provide refueling, resupply, and rearmament capabilities for the logistics support vessels.


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