South Korea’s Hanwha Ocean Co. Ltd, one of the leading #shipbuilders globally, is reportedly exploring potential tie-ups with Indian shipyards. The aim is to establish investment opportunities, foster collaborations, and share #technical #expertise to build and repair ships.
This move comes as South Korea faces a shortage of shipbuilding slots, coupled with a surge in global demand for new vessels. Hanwha Ocean’s interest in Indian shipyards signals its strategy to leverage India’s growing capabilities in shipbuilding to offload some of its increasing order backlog.
This development was reported in this article detailing Hanwha Ocean’s plans to expand its global footprint in shipbuilding and repair operations.
