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.