A strategic cooperation agreement has been established between ONEX Shipyards & Technologies Group and Hanwha Ocean, a leading shipbuilding group from South Korea. This deal aims to foster defense shipbuilding activities in Greece and extend the collaboration to the Mediterranean and Southeast Europe. The agreement was formalized in Seoul and witnessed by senior executives from both companies, as well as representatives from various governments and diplomatic missions, highlighting its significance on an international level.

The partnership signifies a pivotal moment for ONEX, positioning it as the first Greek shipbuilding group with a forward-looking strategy, thereby enhancing its role in the global defense market. With a focus on submarines and advanced systems, ONEX is set to integrate state-of-the-art naval technologies into its operations, which could bolster Greece's defense capabilities amidst regional tensions. The joint initiative will not only reinforce Greece’s standing in the defense manufacturing sector but also aim to benefit the larger Mediterranean region by creating a robust ecosystem for shipbuilding.

Moreover, Hanwha Ocean has designated Greece as its strategic hub for shipbuilding in the region. This collaboration signifies a shift in the geopolitical landscape, where Greece could emerge as a significant player in defense technology and shipbuilding, potentially attracting further foreign investment and partnerships. Through this agreement, both companies are poised to contribute to the modernization of naval fleets and the enhancement of defense systems of allied nations, establishing a solid foundation for future growth and cooperation.