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🇰🇷 South Korea /Energy & Infrastructure

Hanwha Ocean Wins 700 Billion-Won Thai Frigate Contract

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Thailand’s navy selected Hanwha Ocean as the negotiating partner for the construction of one 4,000-ton next-generation frigate.
  • The proposed price, including value-added tax, is 16.73 billion baht, or about 680 billion won.
  • Hanwha Ocean competed against HD Hyundai Heavy Industries and shipbuilders from Singapore, Spain and Türkiye.

Hanwha Ocean has won a Thai navy project to build a next-generation frigate worth about 700 billion won.

Thailand’s navy said on July 8 that it had selected the South Korean shipbuilder as the negotiating partner for one 4,000-ton frigate. Hanwha Ocean’s proposed price, including value-added tax, was 16.73 billion baht, equivalent to about 680 billion won.

The bidding involved Hanwha Ocean and HD Hyundai Heavy Industries, as well as companies from Singapore, Spain and Türkiye.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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