Hanwha Ocean announced the order with Hanwha Shipping LLC in a stock exchange filing on Monday.
According to the shipbuilder, the order is worth 732.2 billion won. This is about $506 million or $253 million per vessel.
Hanwha Ocean will deliver the LNG carriers by September 2027.
The shipbuilder did not reveal further information.
Hanwha Ocean announced in April 2024 that it has established Hanwha Shipping with the participation of its US unit USA Holdings.
The shipbuilder said at the time this would strengthen its technology verification for “carbon-free” ships such as ammonia propulsion ships that it is pursuing to develop.
Hanwha Power Systems and Hanwha Ocean, both part of a South Korean conglomerate Hanwha, recently announced a joint development and collaboration agreement (JDCA) for a new small-size turbine for ammonia applications that will leverage Baker Hughes’ small-size gas turbine technology and Hanwha’s ammonia combustion system.
In September last year, Hanwha Ocean unveiled what it says is a next-generation zero-emission LNG carrier.
The “Ocean 1″ LNG carrier is designed with an ammonia turbine-based electric propulsion system, enabling zero-emission operation without fossil fuels, Hanwha Ocean claims.
It is worth mentioning here that Hanwha and its units also have a stake in US LNG firm NextDecade.
NexDecade is building the Rio Grande LNG export terminal in Texas.
72 LNG carriers
Hanwha Ocean, previously known as DSME, secured orders for 18 LNG carriers last year.
In November 2024, Hanwha Ocean booked an order to build two 174,000-cbm LNG carriers for Greece’s Maran Gas, the gas shipping unit of Angelicoussis.
The 2024 orders include 12 LNG carriers as part of the giant QatarEnergy shipbuilding program and four LNG carriers for UAE’s Adnoc L&S.
Hanwha Ocean also secured an order for one FSRU from Japan’s MOL.
As of the end of December 2024, Hanwha Ocean had 72 LNG vessels worth $17.1 billion in its orderbook.
