Hanwha Ocean signs production activity MoU with AIDN

Hanwha Ocean has signed a Memorandum of Understanding (MoU) with Australia’s premier defence industry body, the Australian Industry & Defence Network (AIDN). The agreement is focused on the establishment of a network of Australian companies to support Hanwha Ocean as it seeks to develop its production capabilities in Australia. “The MoU signifies Hanwha Ocean’s commitment to expanding its presence in Australia for future projects, providing advanced naval solutions that enhance sovereign shipbuilding capabilities,” said Steve SK Jeong, VP, Head of Naval Ship International Business, Hanwha Ocean. “We see it as the beginning of a great opportunity to foster long-term partnerships within Australia’s defence industry.” “We are thrilled to sign this agreement with Hanwha Ocean and excited by the potential opportunities it can generate in Australia’s defence industry sector,” said Carl Quarterman Chair of AIDN. “AIDN is focused on helping Australian small to medium enterprises grow and this MoU will assist us to do just that.” The broader Hanwha Group already has a well-established local presence courtesy of Hanwha Defence Australia (HDA). HDA is a leading provider of land defence solutions, including armored vehicles and artillery systems, for the Australian Army. The company has made substantial investments in the local industry, particularly in Geelong, contributing to economic growth and job creation across the region. Hanwha Ocean is one of the world’s leading naval shipbuilders, previously known as Daewoo Shipbuilding and Marine Engineering (DSME). The rebranding to Hanwha Ocean signifies a fresh approach to providing advanced maritime solutions, leveraging decades of experience serving international clients. As a top global naval shipbuilder, Hanwha Ocean has a strong record of designing and constructing cutting-edge naval vessels for various navies, including the Korean Navy, supported by state-of-the-art technology and innovation, local construction projects and IP transfer. For Editorial Inquiries Contact: Editor Kym Bergmann at [email protected] For Advertising Inquiries Contact: Group Sales Director Simon Hadfield at [email protected]