{
  "id": 6273626,
  "title": "Hanwha Ocean clinches $505 mil. frigate project from Thai Navy",
  "url": "https://urgent.news/2026/09/08/hanwha-ocean-clinches-505-mil-frigate-project-from-thai-navy-6273626",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T11:47:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20260908/hanwha-ocean-clinches-505-mil-frigate-project-from-thai-navy"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.\n\nThe contract's value could potentially expand to around 4 trillion won if Hanwha Ocean secures follow-up orders, according to industry officials.\n\nHanwha Ocean previously secured a contract in 2013 to deliver a 3,600-ton frigate to Thailand, completing the project in 2018.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Hanwha Ocean clinches 680 bln-won frigate project from Thai Navy",
        "url": "https://urgent.news/2026/09/08/hanwha-ocean-clinches-680-bln-won-frigate-project-from-thai-navy",
        "published": "2026-09-08T11:04:04.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Hanwha Ocean clinches $505 mil. frigate project from Thai Navy",
        "url": "https://urgent.news/2026/09/08/hanwha-ocean-clinches-505-mil-frigate-project-from-thai-navy",
        "published": "2026-09-08T11:32:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}