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Hanwha Ocean secures four tankers in weeks

Hanwha Ocean has secured orders for two very large crude carriers (VLCCs), benefiting from growing global demand for oil tankers.The company said on April 9 that it signed a contract with an Oceania-based shipowner to build two VLCCs, with a total value of 393.3 billion won.The latest deal is based on a proven vessel design, which is expected to enhance prof..

Hyundai, Kia face $1.3 billion Q3 profit hit from tariffs
Hyundai Motor and Kia are bracing for a sharp earnings decline in the third quarter as the prolonged U.S.–Korea tariff standoff weighs heavily on Korea’s a..

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