South Korean conglomerate Hanwha Group in late May announced the launch of its latest affiliate, Hanwha Ocean, as it looks to expand its footprint in global marine energy solutions and shipbuilding. The announcement followed Hanwha’s acquisition of Daewoo Shipbuilding & Marine Engineering to strengthen its position as an energy solutions provider. At a May 23 meeting, shareholders approved relaunching the shipbuilder under the new name Hanwha Ocean Co., Ltd. The company also appointed Hyek Woong Kwon as CEO alongside nine new board members. Five affiliates of Hanwha Group— Hanwha Aerospace, Hanwha Systems, Hanwha Impact Partners, and two subsidiaries of Hanwha…