Hanwha Ocean wins $550 million orders for 2 LNG carriers

한화오션이 건조한 LNG 운반선 모습이다. [사진=한화오션]

SEOUL, January 21 (AJP) - Hanwha Ocean has secured new liquefied natural gas (LNG) carrier orders, adding to a solid start to the year as the South Korean shipbuilder focuses on high-value vessels.

In a regulatory filing on Wednesday, the company said it signed shipbuilding contracts for two LNG carriers with a total value of 738.3 billion won ($550 million). The vessels will be delivered sequentially, though no timetable was disclosed.

Including the latest contracts, Hanwha Ocean’s year-to-date order intake stands at five vessels — three very large crude carriers and two LNG carriers — worth about $890 million. That compares with a single VLCC order in January last year.

The company said it expects replacement demand for aging vessels to continue over the medium to long term as environmental regulations tighten globally and fuel-efficiency requirements become more stringent.

Hanwha Ocean also forecast sustained demand for LNG carriers as the development of LNG export terminals, led by the United States, enters a full-scale phase.

* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
Jeong Bo-un 기자 dkwndl@economidaily.com

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