Hanwha Ocean has been selected as the successful bidder for the Royal Thai Navy's 16.73 billion-baht ($508 million) frigate procurement, advancing its earlier preferred-bidder status toward a final award. The project covers one frigate as well as related systems, equipment, spare parts, training and support services. Admiral Korawit Chayarathi announced the selection at a ceremony, while navy spokesman Rear Admiral Parat Rattanachaiphan said Prime Minister Anutin Charnvirakul approved the selection summary last week. The navy plans to formally announce the result on Sept. 18 after the appeal period ends. Hanwha previously delivered the 3,700-ton HTMS Bhumibol Adulyadej to Thailand in 2018 through its predecessor, Daewoo Shipbuilding & Marine Engineering.