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Hanwha Ocean Secures 477.8 Billion Won Order for Three VLGCs
Industrial Services · Engineering & Construction · yonhap_finance · 2026-09-01
Hanwha Ocean has won a contract to build three Very Large Gas Carriers (VLGC) for an Oceanian client, bringing its total annual orders to $5.94 billion.
What Happened
Major Contract Win: Hanwha Ocean announced a contract to build three Very Large Gas Carriers (VLGC) for an Oceanian shipowner. The deal is valued at 477.8 billion won, representing approximately 3.7% of the company's recent annual revenue.
Delivery Schedule: The vessels are scheduled for delivery by December 2030. This contract contributes to the company's stable order backlog and supports long-term profitability goals.
Annual Performance: Year-to-date, Hanwha Ocean has secured orders for 32 vessels, including 17 VLCCs, 6 LNG carriers, and 3 VLACs. The total value of these orders stands at approximately $5.94 billion, reflecting strong market momentum.
Strengthening Competitiveness: This latest order reinforces Hanwha Ocean's technical expertise and market presence in the gas carrier segment. The company continues to diversify its order portfolio in response to the growing demand for eco-friendly vessels.