Hanwha Ocean scores LNG carrier order

South Korea's Hanwha Ocean has secured a new contract to build one liquefied natural gas (LNG) carrier for about $252 million.

According to a stock exchange filing, Hanwha Ocean will build the LNG carrier for an unidentified North American owner.

The contract is worth 351.2 billion won ($252 million).

Hanwha Ocean will deliver the newbuild LNG carrier by March 2028.

The shipbuilder did not provide further information.

LNG Prime was unable to determine the identity of the North American owner immediately.

This new deal follows Hanwha Ocean’s recent contract with its US affiliate Hanwha Philly Shipyard to build a second LNG carrier.

This vessel is worth $250 million and scheduled for delivery by February 2028.

In July, Hawnha Ocean announced a contract for what it says is the first US-ordered, export-market-viable LNG carrier in almost 50 years.

This LNG carrier is also valued at $250 million and is scheduled for delivery in January 2028.

Hanwha Ocean said that its US unit, Hanwha Shipping, placed the orders, while Hanwha Philly Shipyard will act as a subcontractor.

While most of the LNG carrier construction will take place at Hanwha Ocean’s Geoje yard, Hanwha Philly Shipyard will support the certification process required by the US Coast Guard (USCG) to meet statutory and safety standards.

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