Seoul: Major South Korean shipbuilder Hanwha Ocean Co. has announced a landmark achievement by securing a 713.5 billion-won (US$511.6 million) contract to construct two liquefied natural gas (LNG) carriers. This deal significantly boosts the company's cumulative order value, making it the highest among South Korean shipbuilders for the current year.According to Yonhap News Agency, the 174,000-ton vessels will be constructed at Hanwha Ocean's shipyard in Geoje, located on the southern coast of South Korea. The vessels are slated for delivery to Maran Gas Maritime Inc., a subsidiary of Greece's Angelicoussis Shipping Group, by December 2027. Additionally, the contract includes options for two more vessels, suggesting the possibility of future orders.This year, Hanwha Ocean has already secured $7.87 billion in contracts for the construction of 39 vessels, significantly surpassing the $3.5 billion achieved for the entirety of 2023. This cumulative order value marks the highest recorded by any South Korean shi pbuilder this year.Hanwha Ocean, which was formerly known as Daewoo Shipbuilding and Marine Engineering Co., became the shipbuilding division of Hanwha Group in May of the previous year.
- October 12, 2026
