Hanwha Ocean, the Korean yard previously referred to as Daewoo Shipbuilding & Marine Engineering, has unveiled a brand new subsidiary, Hanwha Engine, having accomplished the takeover of compatriot HSD Engine.
Amongst a spread of merchandise the brand new entity will work on creating are ammonia-powered engines.
“By including Hanwha Engine to its checklist of associates following the acquisition of Hanwha Ocean final 12 months, Hanwha is totally outfitted to offer complete shipbuilding options together with engine manufacturing with in-house manufacturing and know-how capabilities,” the group said in a launch yesterday.