Revenue distribution by sectors:

• Shipbuilding: 55%
• Offshore facilities: 25%
• Defense technology: 20%

TOP 3 markets and their percentage shares:

• South Korea: 40%
• USA: 30%
• Europe: 20%

Hanwha Ocean Co., Ltd. generates the majority of its revenue from shipbuilding, followed by offshore facilities and defense technology. The domestic market in South Korea is the largest single market, followed by the USA and Europe. These markets are crucial for the company as they provide stable demand and growth opportunities. Diversification across different sectors and markets helps Hanwha Ocean to balance economic fluctuations and capitalize on strategic growth opportunities.

Production sites of Hanwha Ocean Co., Ltd.:

• Main shipyard: Geoje, South Korea
• Additional locations: Other production facilities in South Korea

Hanwha Ocean Co., Ltd., formerly known as Daewoo Shipbuilding & Marine Engineering Co., Ltd., operates its main production site in Geoje, South Korea. This shipyard is one of the largest and most modern in the world, specializing in the construction of ships and offshore facilities. In addition to the main shipyard in Geoje, the company also has other production capacities within South Korea used for the manufacturing of maritime products and services.

Revenue growth: 18.5% (estimated 2024)
Investment in research and development: 10% of revenue (2024)

Hanwha Ocean Co., Ltd. pursues a strategy focused on technological innovation and diversification. The company heavily invests in research and development to strengthen its position in the maritime industry and develop new technologies to make operations more efficient and environmentally friendly.

Another key focus is on exploring new markets and expanding the product portfolio. Hanwha Ocean plans to increase its presence in emerging markets and establish new partnerships to expand its global reach.

Additionally, the company emphasizes sustainability and the development of environmentally friendly technologies to meet the increasing demands for environmentally conscious business practices. This includes investments in green technologies and the optimization of production processes to reduce the ecological footprint.

Main raw materials: Steel, Aluminum, Copper
Main importing countries: China, Japan, Australia

Hanwha Ocean Co., Ltd. imports a variety of raw materials needed for shipbuilding and other industrial applications. Steel is one of the most important raw materials and is mainly sourced from China and Japan, as these countries are leading steel producers and offer competitive prices.

Aluminum and copper are also crucial for production and are often imported from Australia, known for its abundant natural resources. These materials are essential for manufacturing components used in the maritime industry, including ship hulls and electrical systems.

Market share in the shipbuilding industry: 7% (2024, estimate) R&D investments: 5% of revenue (2024) Sustainability initiatives: Introduction of low-emission technologies

Hanwha Ocean Co., Ltd. has established a solid competitive advantage in the shipbuilding industry, particularly through its investments in research and development. With a market share of approximately 7%, the company positions itself as a significant player in the industry.

A key aspect of their competitive advantage is continuous innovation, especially in the field of low-emission technologies. These initiatives are not only environmentally friendly but also economically advantageous as they can meet future regulatory requirements and reduce operating costs.

Furthermore, Hanwha Ocean benefits from a strong brand and a broad network of international customers, further enhancing market stability and growth potential.

Institutional Investor Share: 45% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

The institutional investor share of Hanwha Ocean Co., Ltd. is approximately 45%. This indicates a strong interest from institutional investors in the company, suggesting confidence in its long-term development and stability.

In 2025, there were no significant insider transactions, indicating that the management and other insiders are currently not making significant changes to their stake in the company. This could be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of Hanwha Ocean Co., Ltd.: 8% (2025, estimated)

Top competitors and their market shares:

1. Hyundai Heavy Industries Co., Ltd.: 15%
2. Samsung Heavy Industries Co., Ltd.: 12%
3. Daewoo Shipbuilding & Marine Engineering Co., Ltd.: 10%
4. Hanwha Ocean Co., Ltd.: 8%
5. STX Offshore & Shipbuilding Co., Ltd.: 6%
6. China State Shipbuilding Corporation: 5%
7. Mitsubishi Heavy Industries, Ltd.: 4%
8. Fincantieri S.p.A.: 3%
9. Keppel Corporation Limited: 2%
10. Sembcorp Marine Ltd.: 2%

Moat of Hanwha Ocean Co., Ltd.:

Hanwha Ocean Co., Ltd. has built a certain moat through specialized technologies and strategic partnerships. Their advantage lies in integrating advanced technologies into shipbuilding, helping them produce more efficient and environmentally friendly ships. This could be a significant advantage in a market that is increasingly focused on sustainability.

However, some of the larger competitors, such as Hyundai Heavy Industries and Samsung Heavy Industries, also have strong moats due to their size, economies of scale, and extensive global networks. These companies can maintain a significant competitive advantage through their extensive production capacity and established customer relationships.

In summary, while Hanwha Ocean Co., Ltd. has specific technological advantages, the larger competitors may have a stronger moat due to their market size and established positions.

Revenue Growth: 10% (2024) Order Backlog: $15 billion USD (2024) R&D Expenses: 5% of revenue (2024)

Hanwha Ocean Co., Ltd. recorded a revenue growth of 10% in 2024, indicating strong demand in its core segments of shipbuilding and offshore technology. The order backlog of $15 billion USD demonstrates a solid pipeline of future projects that is expected to ensure stable revenues in the coming years.

The company continuously invests in research and development, allocating 5% of its revenue for this purpose. These investments could lead to technological advancements and improved competitiveness.

Despite these positive indicators, potential investors should also consider global economic conditions and specific risks in the shipbuilding industry before making an investment decision.

Dividend payment: No dividend (2025)

Hanwha Ocean Co., Ltd. did not distribute any dividends in 2025. This could be attributed to various strategic decisions of the company, such as reinvesting profits in growth projects or strengthening the balance sheet.

Historically, the company has not made regular dividend payments in recent years, which could indicate a focus on long-term investments and corporate growth. Therefore, investors should not rely on dividend payments as a source of return with this stock, but rather on potential capital gains.