Hanwha Ocean enters Greece's marine defense market in earnest

*This content was translated by AI.

Hanwha Ocean will explore the Greek marine defense market.

On the 19th, Hanwha Ocean signed a strategic cooperation agreement for Greek business cooperation with Eo Sung-chul, president of the Special Shipbuilding Division, and Panagiotis Genocostas, CEO of ONEX Group, Greece's largest shipbuilder.

With this agreement, Hanwha Ocean and ONEX Group will participate as partners in mutually exclusive agreements on submarine projects ordered by the Greek Coast Guard and Navy. In the mid- to long-term, the two companies decided to seek opportunities for cooperation in third countries, including Greece's neighboring countries such as the Mediterranean Sea and the Black Sea, for each project.

ONEX Group is Greece's largest shipbuilding and defense company and operates the Syros Neorion Shipyard and the Elefsis Shipyard.

An official from Hanwha Ocean, who spoke to this newspaper by phone, said, "We will enter the local market stably through exclusive cooperation with large local shipyards and actively participate in the upcoming Greek Coast Guard naval project."

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*This content was translated by AI.