Han Hua Ocean's stock price soared! Securing a US Navy shipbuilding order has surged more than 220% year-to-date.

According to the Securities Times app, on Tuesday, after US President Trump announced that South Korea's Hanwha Marine Company will build new frigates for the US Navy, the company's stock price soared over 11%. Trump said at a press conference that these warships will be built at the Hanwha Philadelphia shipyard in Philadelphia. The shipyard was acquired by this South Korean company in 2024, and as part of South Korea's $150 billion shipbuilding commitment, Hanwha has pledged to invest $5 billion in the shipyard.