Hanwha Ocean reported a more than fourfold increase in second-quarter net profit compared to the same period last year, driven by a combination of high-value vessel deliveries and favorable currency movements.
The South Korean shipbuilder, part of the Hanwha Group, cited the weaker won as a significant contributor to the bottom-line surge, alongside stronger margins from its premium order book.
This marks a decisive step in the company’s recovery trajectory, leveraging its strategic pivot toward complex, high-margin projects such as LNG carriers and very large crude carriers (VLCCs).