Hanwha signs ‘conditional' deal to acquire DSME for USD1.4 billion
27 September 2022
by Jon Grevatt
DSME's existing programmes include the construction of KSS-III diesel-electric submarines for the Republic of Korea Navy. The second submarine in this class is pictured above at its launch in November 2020. (Republic of Korea Navy)
South Korea's Hanwha Group has signed a preliminary agreement to acquire a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME), one of the country's biggest naval shipbuilders.
Hanwha said on 26 September that its conditional memorandum of understanding (MOU) with DSME enables the group to secure a 49.3% stake worth KRW2 trillion (USD1.4 billion).
These shares will be acquired by six Hanwha subsidiaries including its defence unit, Hanwha Aerospace. The shares will be acquired from DSME's main creditor, the state-run Korea Development Bank (KDB), whose shareholding in the shipbuilder will reduce to about 28%.
Hanwha said a formal acquisition agreement is expected to be announced in November, with the transaction completed by the first half of 2023.
However, the agreement will only be valid if Hanwha is selected to acquire DSME ahead of any competitive bids for the shipbuilder before a 17 October deadline.
New Dutch expeditionary survey vessel enters service
25 November 2022
by Kate Tringham
The Dutch navy's new ESB
entered service on 21 November.
The Royal Netherlands Navy's (RNLN's) new expeditionary survey boat (ESB), HrMs
(H 8021), has officially entered service.
The mini hydrographic survey vessel was formally handed over to the RNLN by the Defence Materiel Organisation (DMO) on 21 November.
was designed and built by Damen Shipyards Den Helder (DSDH) under a contract awarded by the DMO in 2019. Laid down in February 2020 and launched in January 2021, the vessel was delivered to the DMO in May 2021 following the successful completion of sea-acceptance trials.
A spokesperson told
the planning schedule for the delivery of the boat to the navy to start operations has been impacted by a range of factors, including delays caused by the Covid-19 pandemic, time needed for crew training, additional seaworthiness certification activities, and the supply of documentation and spare parts by Damen.
ZEUS scopes combat system retrofit for DDG 1000 destroyers
24 November 2022
by Richard Scott
arrives in Yokosuka, Japan, in September 2022. The ZEUS programme is considering opportunities to improve supportability and interoperability of the DDG 1000 destroyers by replacing unique components and systems with analogous systems common with other USN surface combatants.
Plans are being developed by the US Navy (USN) that would see key parts of the combat suite equipping the three DDG 1000 Zumwalt-class destroyers swapped out for command and sensor systems common to other US surface combatants.
The concept – dubbed the Zumwalt Enterprise Upgrade Solution (ZEUS) – is considering replacing a number of mission system components, including the ships' combat system software and undersea warfare suite. A sources sought notice was released by the Naval Sea Systems Command (NAVSEA) on 17 November, just days after first-of-class USS
completed its maiden three-month deployment to the Western Pacific.
The three DDG 1000 destroyers – USS
and the future USS
Lyndon B Johnson
PA-Ng carrier design matures ahead of definition phase transition
21 November 2022
by Richard Scott & Xavier Vavasseur
A helicopter operating spot has been introduced on the starboard quarter. In addition, a maintenance area – occupied by an E-2D Advanced Hawkeye on the model – has been added aft of the island. (Richard Scott/NAVYPIX)
The design of the French Navy's next-generation nuclear-powered aircraft carrier (CVN) is continuing to evolve, with the latest iteration revealing a series of refinements to the ship's flight deck layout and island superstructure.
The Porte-Avions Nouvelle Génération (PA-Ng) programme, intended to replace the French Navy's current CVN
Charles de Gaulle
from 2038, was given the official go-ahead by President Emmanuel Macron in December 2020. The Direction générale de l'armement (DGA) and industrial prime contractor MO Porte-Avions (a joint venture of Naval Group and Chantiers de l'Atlantique) are undertaking systems/architecture design activity intended to mature the design baseline ahead of a transition into the definition phase in the first half of 2023.