Daewoo Shipbuilding & Marine Engineering, renamed Hanwha Ocean after 2023 acquisition, reported first-half 2026 operating income of ₩893 billion, nearly triple the year-earlier result, driven by delivery acceleration and inventory normalization following integrating Hanwha Group resources into design and supply-chain operations.
The Geoje yard operator has stabilised at 85% capacity utilization on LNG carrier and offshore platform orders extending through 2030. Hanwha's defence-business access and capital deepened competitiveness against Samsung Heavy and HD Korea Shipbuilding.
Hanwha Ocean's market capitalisation was ₩26.5 trillion at Thursday's close. Order backlog of ₩37.6 trillion at 30 June ensures 3.7 years of production at run rates. First-half revenue of ₩5.4 trillion represented sequential growth as multiple ship-delivery batches concentrated in H1.
Shipyard consolidation in Korea mirrors global trend toward scale and financial stability as orders grow longer and capital intensity rises.
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| Symbol | Last Price |
|---|---|
| 042660Hanwha Ocean Co., Ltd. | ₩86,800 +0.3% |