Hanwha Ocean wins $510.9 mil. deal to set record-high order value

Hanwha Ocean CEO Kim Hee-cheul, right, and Maran Gas Maritime CEO Maria Angelicoussis shake hands after signing a deal for two liquefied natural gas carriers, Nov. 8. Yonhap Major Korean shipbuilder Hanwha Ocean said Monday it has secured a 713.

5 billion-won ($510.9 million) deal to build two liquefied natural gas carriers, contributing to the company's strong cumulative order value, the largest among Korean shipbuilders this year. The 174,000-ton vessels will be built at Hanwha Ocean's shipyard in Geoje on the southern coast and delivered to Maran Gas Maritime, a gas shipping unit of Angelicoussis Shipping Group of Greece, by December 2027, according to the company.



The contract also includes options for two additional vessels, indicating potential follow-up orders, the company added. So far this year, Hanwha Ocean has bagged $7.87 billion worth of orders to build a total of 39 vessels, far exceeding $3.

5 billion for the whole of 2023. This cumulative total marks the highest order value achieved by any Korean shipbuilder this year. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering, set sail as the shipbuilding arm of Hanwha Group in May last year.

(Yonhap).