Nation Thailand
Thai Navy selects Hanwha Ocean for THB16.73bn frigate project
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Hanwha Ocean Co., Ltd. has been selected to supply the Royal Thai Navy with a new frigate and associated equipment and support at a quoted price of THB16.73 billion, according to a Navy selection announcement.
Key facts
- The Navy will hold a detailed briefing on the selection on September 18, 2026, after the legally prescribed appeal period ends.
- Hanwha Ocean’s THB16.73 billion offer is quoted on a customs-duty-exempt basis but includes value-added tax, other applicable taxes, transport and all other expenses.
- The announcement specifies a firm and fixed price on a Delivered at Place (DAP) basis under Incoterms 2020.
- Navy spokesman RAdm Parach Rattanachaiphan said Prime Minister Anutin Charnvirakul had signed an acknowledgement of the selection summary submitted by the Defence Ministry and the Navy on September 4
Summary
The Navy will hold a detailed briefing on the selection on September 18, 2026, after the legally prescribed appeal period ends.
Navy spokesman RAdm Parach Rattanachaiphan said Prime Minister Anutin Charnvirakul had signed an acknowledgement of the selection summary submitted by the Defence Ministry and the Navy on September 4. The permanent secretary for defence subsequently approved the selection outcome on September 7.