Hanwha WTIV order raises Korea offshore vessel market heat
Hanwha Ocean said on 6 February 2026 it won a 768.7 billion won order from affiliate Ocean Wind Power 1 for a 15 MW-class wind turbine installation vessel due in H1 2028.
What changed
Hanwha Ocean announced on 6 February 2026 a 768.7 billion won (about US$530 million) contract from affiliate Ocean Wind Power 1 to build one large wind turbine installation vessel, with delivery scheduled for the first half of 2028.
The yard described the WTIV as South Korea’s first unit capable of installing 15 MW-class offshore turbines and a candidate for domestic projects including Shinan Ui, shifting spend toward jacking systems, cranes, and DP packages on a named newbuild rather than a fleet-trend note.
Products affected
Primary map: WTIV jacking systems and legs, heavy-lift offshore cranes rated for 15 MW turbine components, and dynamic-positioning thrusters and class-approved marine power packages for the Ocean Wind Power 1 newbuild.
Buyer segments to prioritize
Prioritize Hanwha Ocean newbuild procurement and Ocean Wind Power 1 project engineering freezing WTIV equipment lists, plus Korean class and shipyard subcontract desks supporting the H1 2028 delivery.
Exporter action
Submit jacking, crane, and DP vendor data against Hanwha Ocean’s WTIV maker’s list before package freeze for the H1 2028 delivery; missing KR/ABS or equivalent type approvals risks disqualification on this 768.7 billion won hull. Industry estimate: WTIV crane and jacking lead times still run 16–22 months.
Source context
Source: Aju Press / Aju Business Daily, Hanwha Ocean WTIV order report, 6 February 2026. https://www.ajupress.com/view/20260206154215722
Key takeaways
- Hanwha Ocean booked a 768.7 billion won WTIV from Ocean Wind Power 1 on 6 February 2026 for H1 2028 delivery.
- Outreach: Hanwha Ocean newbuild procurement locking jacking, crane, and DP packages for the 15 MW-class vessel.
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