Hanwha Ocean shares jump 10% after Trump says South Korean

来源: 2025-12-22 20:16:00 [博客] [旧帖] [给我悄悄话] 本文已被阅读:

Hanwha Ocean shares jump 10% after Trump says South Korean firm to build warships for U.S. Navy

KEY POINTS
  • Trump said that the warships will be built at the Hanwha Philly Shipyard in Philadelphia, acquired by the South Korean company in 2024.
  • Hanwha has pledged to invest $5 billion in the shipyard as part of South Korea’s $150 billion shipbuilding pledge.
  • Last week, the U.S. Navy announced the FF(X) class of ships as part of Trump’s “Golden Fleet.”
  • Trump also announced the U.S. Navy will build new two “Trump-class” battleships, which will be “the fastest, the biggest, and by far, 100 times more powerful than any battleship ever built.”

The logo of South Korean shipbuilder Hanwha Ocean at their office building in Seoul, South Korea, October 15, 2025.   REUTERS/Kim Hong-Ji

The logo of South Korean shipbuilder Hanwha Ocean at their office building in Seoul, South Korea, October 15, 2025.
Kim Hong-ji | Reuters

Shares of South Korean firm Hanwha Ocean surged 10% Tuesday after U.S. President Donald Trump announced that the firm would help build new frigates for the country’s Navy.

Speaking at a press conference, Trump said that the warships will be built at the Hanwha Philly Shipyard in Philadelphia, acquired by the South Korean company in 2024, and in which it has pledged to invest $5 billion as part of South Korea’s $150 billion shipbuilding pledge.

 

The shipbuilding pledge is part of the broader U.S.-South Korea trade deal that saw tariffs reduced on South Korean exports to 15%, in exchange for a $350 billion investment pledge from Seoul, among other concessions.

Hanwha Ocean is one of South Korea’s major shipbuilding firms, having expertise in building commercial ships such as LNG carriers, as well as and military naval platforms including submarines and surface vessels.

South Korean defense stocks have been on a roll this year, with major defense players such as Hanhwa Aerospace and Hyundai Rotem gaining over 170% and 270%, respectively year to date. Hanhwa Ocean has surged more 220% so far this year.