Shipyard

Hanwha Ocean clinches 2.59 tln-won LNG deal

Hanwha Ocean has secured a 2.59 trillion won ($1.75 billion) contract from a European shipowner for seven LNG carriers, lifting its 2025 order tally to 51 ships worth $9.83 billion.

Photo source: Hanwha Ocean

21, December 2025
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Hanwha Ocean Co. said Friday it has landed a 2.59 trillion won ($1.75 billion) contract with a European shipowner for seven liquefied natural gas (LNG) carriers.

The company said the latest agreement lifts its order count this year to 51 ships, with total contract value reaching $9.83 billion, above the $8.98 billion recorded for all of last year.

This year’s contracts cover 20 VLCCs (very large crude carriers), 17 container ships, one icebreaking research vessel and 13 LNG carriers.

Hanwha Ocean added that the new LNG carrier deal highlights European shipowners’ strong confidence in its high-pressure LNG propulsion technology and its capability to help cut carbon emissions.

Tags: carbon emissions, European order, Hanwha Ocean, LNG carrier, Shipbuilding

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

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