Hanwha Ocean Co. launched its first European marine operations center in Amsterdam as the South Korean shipbuilder seeks to tap growing demand for offshore energy projects.
The Global Project Center will focus on marine engineering and project management, targeting a market expected to expand to $18 billion by 2029 from the current $12 billion. The Amsterdam facility aims to build a workforce of about 100 employees through 2026, with staffing levels afterward contingent on order volumes.
The move follows Hanwha Ocean’s recent acquisition of a majority stake in Singapore’s Dyna-Mac Holdings, a manufacturer of floating marine facilities. The company is positioning itself to capture orders for floating production storage and offloading units, particularly from Brazil, Guyana, and West Africa.
Amsterdam’s selection leverages the city’s established marine engineering ecosystem, company officials said. The new center will combine expertise from local hires and headquarters staff as part of Hanwha Ocean’s strategy to expand its offshore plant and wind power operations.
The initiative aligns with the company’s multi-yard approach to boost production capacity and market responsiveness in the marine sector.
