Hanwha Ocean selected preferred bidder for Thai frigate project
Korean shipbuilder Hanwha Ocean Co. said Wednesday it has been selected as the preferred bidder for a frigate project for the Royal Thai Navy. The project calls for the construction of a 4,000-ton-class frigate, along with related equipment and comprehensive maintenance and logistics support. The Royal Thai Navy set the project value at 16.73 billion baht ($509 million) in its bid notice. Hanwha…
Korean shipbuilder Hanwha Ocean has been chosen as the preferred bidder for a significant frigate project by the Royal Thai Navy, the company announced on Wednesday. The project entails constructing a 4,000-ton-class frigate, as well as related equipment and comprehensive maintenance and logistics support. The estimated value of the project is 16.73 billion baht, or approximately $509 million, as outlined in the Royal Thai Navy's bid notice.
Hanwha Ocean plans to engage in detailed negotiations with the Royal Thai Navy to finalize the contract terms. This selection further cements the company's strong presence in the Southeast Asian market. Notably, in 2013, the shipbuilder, then named Daewoo Shipbuilding & Marine Engineering Co., secured an order to build a 3,600-ton-class frigate for the Royal Thai Navy, which was successfully delivered in 2018.
This latest contract may also open doors for further orders as Thailand continues its efforts to modernize its naval capabilities.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Hanwha Ocean selected preferred bidder for Thai frigate project koreatimes.co.kr
