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South Korea’s Hanwha Ocean wins Thai Navy frigate bid

South Korea’s Hanwha Ocean wins Thai Navy frigate bid

Today 09:44Key points summarised by AI
  • Hanwha Ocean secured a Bt16.73-billion contract to build one frigate for the Thai Navy, including all related systems, equipment, spare parts, and training.
  • The fixed-price agreement covers all costs, ensuring delivery to a designated Thai Naval Base, with approvals from the Prime Minister and permanent secretary for defence already secured.
  • The Thai Navy emphasized the procurement's transparency, value for money, and accountability, underscoring its critical role in national security and maritime protection.
  • An official announcement detailing the selection criteria, reasons, and national benefits is set for September 18, following the appeal period.
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