Hanwha Ocean Shipyard Halts Operations After A Shipbuilder Died In A Tragic Explosion

Hanwha Ocean has temporarily suspended operations at its Okpo Shipyard after a tragic incident on January 12. According to reports, at approximately 3:20 p.m. local time, a ship rudder construction business experienced an explosion, killing a 28-year-old subcontractor employee.

The shipyard, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), confirmed the halt in production with a statement made public through a stock exchange filing. The firm announced that manufacturing won’t start again until the accident’s cause and recommended course of action have been thoroughly investigated. The Ministry of Employment and Labor’s approval must be obtained before the restart date may be set. The victim, whose identity and country have not been disclosed, was hit by explosion debris and died of his injuries even though he was rushed to the hospital right away.

Shipyard
Image Credits: Hanwha

Hanwha Ocean immediately notified the Ministry of Employment and Labor and the police of the event. Even if preliminary signs point to a possible gas explosion, a formal investigation will be carried out to determine the precise reason and implement safety precautions to avoid future incidents.

The shipyard, currently the third-largest in South Korea, has encountered difficulties, such as missing its order target for 2023 after switching from DSME to Hanwha Ocean. Former creditors and significant DSME investors, the government-controlled banks, sold Hanwha Ocean a majority stake and management.

Recently, a partnership was established between Hanwha Ocean and Samsung Heavy Industries, supplying the blocks needed to build containerships at the Samsung yard. While some sources indicate a move away from low-margin containerships, Hanwha Ocean maintains a significant backlog while reiterating its commitment to high-value contracts. The company’s new focus corresponds with its parent company’s strategic objectives, including an enhanced emphasis on naval operations and leveraging opportunity in military systems.

Reference: Splash 247

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.


Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

Read More Articles By This Author >

By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.

BE THE FIRST TO COMMENT

Leave a Reply

Your email address will not be published. Required fields are marked *