Hanwha Ocean shares surge over 16% after U.S.-Korea trade deal

Hanwha Ocean shares increased to 16.06% on Thursday after US President Donald Trump announced a 15% blanket statement in Seoul’s exports to the United States.

According to Reuters, Hanwha Group Vice President Kim Dong-Kwan was a part of a delegate of business leaders in Washington, and lobby for a trade agreement with Hyundai Motor Group President Euisun Chung and Samsung Electronics President Jay Y. Lee.

Hanwha Group is expected to expand or raise the facilities at the Philly Shipyard in Philadelphia last year, Yonhap News Agency reportedWhile the US plays a key role in reviving shipbuilding efforts.

On Thursday, South Korean marked the second session of the ship building in the green. In the second quarter, whose earnings end in June, an increase in operating profit and a series of announcements.

Hanwha Ocean reported 371.7 billion Korean boiler ($ 266.7 million) in the second quarter of Tuesday, which ended in June. This is about 43.6% higher than the 259 billion Won reported in the previous quarter and a return from the losses that were published in the same period a year ago.

Shipbuilder, stronger commercial and open marine sales, revenues increased by 4.8% in a quarter of the quarter.

According to a Reuters report, the company also announced that it has given new orders of 353.6 billion Won on Tuesday.

Separately, shipbuilder on Thursday He started several initiativesPart of the 2023 program will make globally more competitive by paying attention to the threat created by Chinese shipbuilders with industrial partners.

In another movement, Hanwha Ocean Install a new engineering center in IndiaKorea According to Bizwire’s reports.

Referring to the comments from industrial sources familiar with the issue, South Korean publication said that Hanwha Ocean Global Engineering Center has opened in an industrial center in Noida, 26 kilometers from India’s capital, India’s capital, India’s capital of India.