Hanwha Ocean bags $1.39 billion order for Yang Ming’s LNG-powered vessels

South Korea's Hanwha Ocean has secured an order worth about $1.39 billion for Yang Ming's LNG dual-fuel container vessels.

Hanwha Ocean said on Wednesday the order worth 1.9336 trillion won ($1.39 billion) is for seven 15,880-teu LNG dual-fuel container ships.

These vessels will be constructed at Hanwha Ocean’s Geoje yard and are scheduled for delivery in 2028 and by the first half of 2029.

Earlier this year, LNG Prime reported, citing sources, that Taiwan’s Yang Ming approached yards in South Korea with requests for LNG dual-fuel vessels with a capacity of 15,000 teu.

After that, Yang Ming announced in July that its board approved the order of seven LNG dual-fuel containerships with a capacity of 15,000 teu from Hanwha Ocean.

According to Yang Ming, the newbuildings will be the first LNG dual-fuel container vessels in Taiwan to feature ammonia fuel ready (AFR) specifications.

In addition to complying with the stringent environmental requirements of the IMO, the design incorporates future conversion to ammonia dual-fuel propulsion.

This ensures both high operational efficiency and flexibility in alternative fuel adoption during the decarbonization transition, the shipping firm said.

The design has been granted the “Ammonia Fuel Ready Level 1C” notation by the American Bureau of Shipping (ABS).

Moreover, this vessel series will also be equipped with what they claim is the world’s first type B LNG fuel tank with a 1.0 bar design pressure, developed under a joint development project between Hanwha Ocean and ABS.

“This innovation enhances the safety and efficiency of LNG operations compared to the conventional 0.7 bar design, while supporting compliance with future shore-power regulations and providing a cleaner, more reliable energy transition solution,” they said.

Most Popular

LNG Canada offers option to First Nations to invest in Phase 2 storage tank

Shell-led LNG Canada has signed an agreement with five northwestern B.C. First Nations, giving them the option to invest up to C$1 billion ($711 million) to acquire an LNG storage tank slated for construction as part of the expansion of its Kitimat LNG export facility on the west coast of Canada.

Top 5 news of the week July 6-12

LNG Prime brings you the five most popular news stories on our platform during the week of July 6-12, 2026.

Chevron pens Western Australian gas supply deal with Alinta

Chevron’s Australian unit has signed a new long-term deal with Alinta Energy to deliver domestic natural gas from its Gorgon and Wheatstone LNG projects and the Woodside-led NWS JV.
spot_img

More News Like This

Yang Ming’s LNG-powered vessel named in South Korea

South Korea’s HD Hyundai Heavy Industries held a naming ceremony on Friday for Yang Ming Marine Transport’s LNG dual-fuel container vessel.

Hanwha Ocean inks MoU with Kanata for Canadian FLNG project

South Korea's Hanwha Ocean has entered into a non-binding memorandum of understanding with Canada's Kanata Clean Power & Climate Technologies to cooperate on a 12 mtpa floating liquefied natural gas export project planned for Prince Rupert, British Columbia. The project is expected to cost $15.7 billion.

Adnoc L&S eyes more LNG carrier orders in China and South Korea

UAE’s Adnoc L&S, a unit of state-owned energy giant Adnoc, is expected to order more liquefied natural gas (LNG) carriers in China and South Korea soon, according to shipbuilding sources.

Knutsen orders another LNG carrier at Hanwha Ocean

Norwegian owner Knutsen has ordered another liquefied natural gas (LNG) carrier from South Korea's Hanwha Ocean, according to shipbuilding sources.