Hanwha Ocean, Evergreen ink $1.6 billion deal for six LNG-powered containerships

South Korean shipbuilder Hanwha Ocean and Taiwan's shipping firm Evergreen Marine have signed a shipbuilding deal worth about $1.6 billion for six ultra-large LNG dual-fuel containerships.

Hanwha Ocean announced the signing of the deal for six 24,000 teu LNG dual-fuel containerships in a statement on Monday.

The firm did not provide the price tag in the statement, but said in a separate stock exchange announcement that it will build six containerships worth about 2.32 trillion won, or $1.6 billion, for an Asian shipping firm.

Hanwha Ocean will deliver the ships by March 2028.

According to Hanwha Ocean, the vessels will be 400 meters long and 61.5 meters wide.

Also, the vessels will feature LNG dual-fuel engines, along with various eco-friendly technologies from Hanwha Ocean, including the shaft generator motor system and air lubrication system.

This is the first time Hanwha Ocean has received an order from Evergreen.

LNG Prime was the first to report in January, citing sources, that Evergreen was looking to order 11 LNG-powered containerships at Hanwha Ocean and GSI.

Evergreen confirmed the order last month saying that its unit had ordered 11 LNG dual-fuel containerships with a capacity of 24,000 teu from Hanwha Ocean and GSI.

This is the first order for LNG dual-fuel vessels for Evergreen, which has mainly focused on ordering methanol-powered ships during the last few years.

Orders for LNG-powered vessels jumped 103 percent to 264 ships last year, driven by the container and car carrier newbuild boom over the last three years, according to classification society DNV.

In 2024, 69 percent of all containership orders were for ships capable of being powered by alternative fuels, driven by cargo owners responding to consumer demands for more sustainable practices and liner companies preparing to replace older tonnage, DNV said.

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