[Yonhap News Agency/ April 12, 2024] Hanwha Ocean announced on the 12th that it will establish a shipping company named "Hanwa Shipping LLC" in a strategic move towards fostering eco-friendly and digital ship technologies. Prepared by Hanwha Ocean's U.S. branch, the shipping company aims to create a platform for testing and implementing advancements within the shipping industry.

The establishment of Hanwa Shipping LLC reflects Hanwha Ocean's commitment to verifying the practicality and stability of eco-friendly and digital technologies through real-world ship operations. This initiative not only demonstrates the company's dedication to innovation but also underscores its proactive approach to building collaborative relationships with customers.

Furthermore, Hanwha Ocean recognizes the challenges faced by ship owners in adopting and implementing new technologies, particularly considering the long lifespan of vessels once they are ordered. Through its shipping companies, the company plans to address this gap by ordering ships and showcasing the efficacy of these technologies in various operational contexts. Ultimately, Hanwha Ocean aims to deliver world-class eco-friendly ships, thereby contributing to the advancement of sustainable practices within the shipping industry.