South Korean shipbuilder valued at $17bn, the world's third-most-valuable standalone shipbuilder. It builds container carriers, tankers and warships.
Hanwha bought a shipyard in Pennsylvania for $100m, roughly the list price of two standard modern vessels. In the late 2000s South Korea and Japan together produced roughly half of global merchant-fleet tonnage, with China accounting for around a third; by 2024 those proportions had more or less inverted. South Korean and Japanese yards retain a technological advantage in building vessels running on cleaner fuels such as methanol or liquefied natural gas.
In this world there are only two tragedies. One is not getting what one wants, and the other is getting it.