# Hanwha Ocean Operating Profit Climbs 68% on Higher LNG Ship Prices

*South Korea's third-largest shipbuilder logged 485.7 billion won in third-quarter operating profit as contracts won during the 2022 to 2023 price expansion phase entered heavy construction.*

**Published:** October 27, 2026  
**By:** Hyun-jung Lee  
**Section:** Shipbuilding & Defense — South Korea  
**Format:** Company Watch  
**Confidence:** high  
**Source:** https://eastasiabrief.com/shipbuilding/hanwha-ocean-operating-profit-climbs-68-higher-lng-ship-959  
**Publisher:** East Asia Brief (https://eastasiabrief.com/)

---

## What to know

- Third-quarter operating profit grew 67.6% to 485.7 billion won on high-margin commercial vessels
- Merchant ship division delivered a 17.4% margin on 2.7150 trillion won of revenue
- Year-end wage settlement payouts and performance incentives will be booked in fourth-quarter earnings

![Shipyard workers weld on a liquefied natural gas carrier as construction proceeds on high-margin vessels. (AI-generated image)](https://eastasiabrief.com/media/2026-10-27-15823cb83a6a.webp)
*Shipyard workers weld on a liquefied natural gas carrier as construction proceeds on high-margin vessels. (AI-generated image)*

Hanwha Ocean posted a 67.6% rise in third-quarter operating profit on Oct. 27, 2026, as high-margin liquefied natural gas carriers booked during the post-2021 market upturn entered heavy billing.

The shipbuilder recorded an operating profit of 485.7 billion won ($350 million) for the three months ended Sept. 30. That compares with 289.8 billion won in the third quarter of 2025.

*The rest of this briefing is for members. Creating an account is free. [Continue reading](https://eastasiabrief.com/shipbuilding/hanwha-ocean-operating-profit-climbs-68-higher-lng-ship-959).*

---

Cite as: East Asia Brief, "Hanwha Ocean Operating Profit Climbs 68% on Higher LNG Ship Prices," October 27, 2026. https://eastasiabrief.com/shipbuilding/hanwha-ocean-operating-profit-climbs-68-higher-lng-ship-959