Hanwha Ocean wins Thai Navy frigate contract worth $508 million, Yonhap says
08/09/2026 12:07
Hanwha Ocean wins Thai Navy frigate contract worth $508 million, Yonhap says SEOUL, Sept 8 (Reuters) - South Korea's Hanwha Ocean has been selected to build a frigate for Thailand's navy in a deal worth 16.73 billion baht ($508.20 million) including additional costs, Yonhap news agency reported on Tuesday, citing industry sources.
Hanwha Ocean declined to comment before a relevant regulatory filing.
Hanwha Ocean, then called Daewoo Shipbuilding, in 2013 won a Thai order and afterwards delivered the HTMS Bhumibol Adulyadej frigate to the Thai Navy, named after the country's revered monarch.
($1 = 32.9200 baht)
(Reporting by Joyce Lee. Editing by Mark Potter)
((joyce.lee@tr.com;))