Hanwha Ocean was selected as the preferred bidder for a frigate project for the Royal Thai Navy on Wednesday. The project covers a 4,000-ton-class frigate, related equipment, and comprehensive maintenance and logistics support. The Royal Thai Navy valued the bid at 16.73 billion baht, or $509 million. Hanwha Ocean said it will now hold detailed negotiations to finalize contract terms.
Hanwha Ocean Co.'s frigate is seen in this photo provided by the Korean shipbuilder, Wednesday. Courtesy of Hanwha Ocean
Korean shipbuilder Hanwha Ocean Co. said Wednesday it has been selected as the preferred bidder for a frigate project for the Royal Thai Navy.
The project calls for the construction of a 4,000-ton-class frigate, along with related equipment and comprehensive maintenance and logistics support. The Royal Thai Navy set the project value at 16.73 billion baht ($509 million) in its bid notice.
Hanwha Ocean said in a regulatory filing that it will hold detailed negotiations with the Royal Thai Navy to finalize the contract terms.
