ABS has awarded BDR certification to Hanwha Ocean’s standard FPSO design, covering key systems for planned deepwater projects in South America and West Africa.
Mitsui O.S.K. Lines will deploy two Wind Challenger sails on a 174,000 m³ LNG carrier, with annual fuel savings of 6-7% and up to 12% on an Atlantic voyage expected.
Hanwha Ocean faces a $1 billion arbitration claim from Arctic LNG 2 over alleged Step In Agreements breaches linked to terminated shipbuilding contracts.
Hanwha Ocean awaits Thailand’s next-generation frigate decision after entering the Royal Thai Navy tender with its 4,000-tonne OCEAN-40F design.
Hanwha Ocean is competing with SBM Offshore for the Venus FPSO in Namibia, while a possible delay in TotalEnergies’ final investment decision could push back the contract award.
HD KSOE, Samsung Heavy Industries and Hanwha Ocean recorded operating rates of 100% or more in H1 2026 while increasing investment in automation and shipyard facilities.
China secured 52 of 90 LNG carrier orders in H1 2026, compared with South Korea’s 37, as Chinese yards expanded their share of the high-value shipbuilding segment.
South Korea’s three major shipbuilders recorded about $130 billion in combined order backlog, while HD Hyundai Heavy Industries and Samsung Heavy Industries exceeded merchant vessel targets.
Hanwha Ocean has reached the final bidding stage with SBM Offshore for the $3 billion Venus FPSO project in Namibia and secured approvals for its low-carbon standard FPSO design system.
