Hanwha Ocean clinches 680 bln-won frigate project from Thai Navy
SEOUL, Sept. 8 (Yonhap) -- Hanwha Ocean Co., a South Korean shipbuilder, has won...
Hanwha Ocean has won a contract to build one frigate for the Royal Thai Navy. The deal is worth 680 billion won, which is equivalent to $505.17 million. This amount includes value-added tax, other applicable taxes, transport, and all expenses.
The contract's value could potentially expand to around 4 trillion won if Hanwha Ocean secures follow-up orders, according to industry officials.
Hanwha Ocean previously secured a contract in 2013 to deliver a 3,600-ton frigate to Thailand, completing the project in 2018.
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- Hanwha Ocean clinches $505 mil. frigate project from Thai Navy koreatimes.co.kr
