Hanwha Ocean Reports 23% Q2 Operating Margin, Profit Surges 102% Year-over-Year

According to Hana Securities, Hanwha Ocean reported a record 23% operating margin in its shipbuilding division during Q2 2026, with sales of 5.44 trillion Korean won and operating profit of 736.1 billion won, representing year-over-year increases of 65.2% and 101.7% respectively.

The performance was driven by newly delivered LNG carriers, which achieved a 22.7% profit margin, while FSRU (floating storage and regasification units) and 24,000-TEU container ship projects entered full-scale construction. Hanwha's energy platform division also swung to profitability following the completion of the P79 FPSO project. Analyst Yu Jae-seon noted that geopolitical shifts in Middle Eastern energy supply chains support long-term demand for specialized vessels and tankers.