HomeBusinessHanwha Strengthens Shipbuilding Grip with Launch of Hanwha Engine

Hanwha Strengthens Shipbuilding Grip with Launch of Hanwha Engine


Hanwha has officially launched its new affiliate, Hanwha Engine, after acquiring HSD Engine, the world’s second-largest marine engine firm by market share.

The company release states that Hanwha Engine will be a market leader in the marine engine business. Its exceptional technological capabilities include the competence required for low-speed marine engines that power huge ships. Hanwha Engine delivers these engines to major global shipbuilders, notably Hanwha Ocean.

At an extraordinary shareholders’ meeting on February 27, stakeholders voted to establish a new engine manufacturer called Hanwha Engine Co., Ltd. Moon Ghee Ryu, the previous head of Hanwha Impact’s Investment Strategy Department, has been named as CEO.

Hanwha Impact is Hanwha Engine’s main stakeholder, owning 32.8% of the engine company. Hanwha Impact inked a memorandum of understanding (MOU) with HSD Engine for the acquisition in February of last year.

Hanwha Engine Launch ceremony
Hanwha Engine Launch ceremony

Following the acquisition of Hanwha Ocean last year, Hanwha Engine was added to its list of affiliates, allowing Hanwha to provide entire shipbuilding solutions, including engine manufacture, through in-house manufacturing and technical capabilities.

Hanwha Engine intends to actively develop and commercialize ships driven by eco-friendly fuels, including ammonia, leveraging its competence in marine engine manufacture and the synergy among its affiliates. Hanwha Engine is researching smart ship technologies for more efficient ship operations and alternative fuel propulsion systems. The company plans to increase its aftermarket business by providing post-sales services such as ship part sales and repairs.

Hanwha Engine was the first manufacturer to commercialize a dual-fuel low-speed engine in 2013. In 2013, the business invented the world’s first low-temperature selective catalytic reduction (SCR) system for ships, the DelNOx SCR system, which was successfully commercialized the following year. This unique technology is an environmentally friendly device capable of removing more than 90% of nitrogen oxide (NOx) from ship engine exhaust gases.

Frontier India News Network
Frontier India News Networkhttps://frontierindia.com/briefs
Frontier India News Network is the in-house news collection and distribution agency.


Please enter your comment!
Please enter your name here

Russia Unveils Radical Asymmetrical Commercial Aircraft Concept with 3 Engines

TsAGI, the Central Aerohydrodynamic Institute, a leading Russian aerospace research institution, scientists presented a concept for a futuristic aircraft. The concept was presented during...

The Swedish company Northvolt has started the construction of a huge battery factory in Germany

The symbolic groundbreaking for the electric vehicle battery cell factory in Northwest Germany commenced on March 25, following local permits and state funding authorization....

Sweden DITCHES Allies, Goes ROGUE on Sixth Gen Fighter Jet Project

In November, Sweden confirmed that it would not participate in the "Global Combat Air Programme" (GCAP), of which it had been admitted as an...

Russia attacked Ukraine with 14 Tu-95MS bombers, Taking off from Olenya base

Russia launched an attack on Ukraine overnight, according to Ukrainska Pravda, with 14 Tu-95MS strategic bombers taking off from the Olenya base on the...

Goodbye JF-17 and LCA Tejas: Argentina to Buy Used Danish F-16’s for Jaw-Dropping $650M

Argentina's President, Javier Milei, announced on March 20, 2024, that the country will purchase American F-16 fighters from Denmark. The Argentine leader confirmed the...