- Hanwha Ocean secured a USD 252 million contract to build one LNG carrier for a North American shipowner.
- The deal accounts for 3.3% of the company’s 2024 consolidated annual sales.
- The project runs from September 2025 to May 2028, with payments linked to construction progress.
- The order strengthens Hanwha Ocean’s position in the North American LNG carrier market.
Hanwha Ocean has announced the signing of a single sales and supply contract for the construction of one Liquefied Natural Gas (LNG) carrier, valued at approximately USD 252 million. The order, placed by a shipowner in North America, represents around 3.3% of the company’s 2024 consolidated annual sales. The disclosure was published through the Korea Investor’s Network for Disclosure (KIND), as reported by PortNews.
The contract, effective from September 30, 2025, to May 31, 2028, outlines construction and delivery terms for the LNG carrier, with payments scheduled according to project milestones. Hanwha Ocean confirmed that an advance payment is included and noted that the final settlement and timeline may be adjusted as work progresses. The project reinforces the company’s growing role in supplying advanced LNG carriers to the North American market, highlighting its financial strength and order book stability.
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Source: PortNews
