- Hanwha Ocean has won a 353.6 billion-won (US$254 million) contract to build two very large crude carriers (VLCCs) for a shipowner in the Oceania region.
- The vessels will feature Hanwha’s proprietary fuel-saving technology aimed at improving energy efficiency and lowering carbon emissions.
- With this deal, Hanwha Ocean leads the global VLCC market, having received orders for 10 VLCCs this year—more than any other shipbuilder worldwide.
Hanwha Ocean Co. announced on Tuesday that it has secured a major order worth 353.6 billion won (approximately US$254 million) to construct two very large crude carriers (VLCCs) for a shipowner based in the Oceania region. The contract further strengthens the company’s standing in the global crude carrier market.
Advanced Fuel-Saving Systems to Meet Green Shipping Goals
The VLCCs ordered will be fitted with Hanwha Ocean’s proprietary fuel-saving system. This advanced technology is designed to significantly enhance energy efficiency and reduce greenhouse gas emissions, aligning with the growing global push for environmentally sustainable maritime transport and stricter emissions regulations.
Hanwha Ocean: Global Leader in VLCC Construction
According to data from British maritime analytics firm Clarkson Research, Hanwha Ocean is currently the world’s top builder of VLCCs. Out of the 1,015 VLCCs operating globally, Hanwha has delivered 198—representing a 19.5% share of the global fleet. This long-standing leadership reflects both technological expertise and production capacity.
Leading 2025 VLCC Orders Among Global Shipbuilders
The latest contract brings Hanwha Ocean’s total VLCC orders for the year to 10, placing it ahead of all other global shipbuilders in this category. As demand for efficient and eco-friendly crude transport rises, Hanwha’s dominance in the VLCC segment is likely to continue through sustained innovation and strategic global partnerships.
Hanwha Ocean’s growing portfolio not only showcases its engineering strength but also highlights Korea’s competitive edge in next-generation, environmentally compliant vessel manufacturing.
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Source: Yonhap News Agency
