Hanwha Ocean announced on the 3rd that it secured orders for six 13,650 TEU (1 TEU equals one 6-meter container) LNG dual-fuel propulsion containerships from Taiwan's Yang Ming Line for approximately 1.5527 trillion won.
The vessels will be built at Hanwha Ocean's Geoje shipyard and are scheduled to be delivered sequentially by the second half of 2029. This order is a follow-up contract reached one year after Yang Ming Line placed an initial newbuilding order for seven 15,880 TEU LNG dual-fuel propulsion containerships with Hanwha Ocean in September last year.
The newly ordered ships will be equipped with Hanwha Ocean's independently developed 'Type-B LNG fuel tank based on high-manganese steel.' High-manganese steel is a material that offers superior price competitiveness compared to existing nickel alloy steel or aluminum while maintaining excellent toughness and strength in ultra-low temperature environments of minus 163 degrees Celsius. This allows for simultaneous improvement in the safety and economic efficiency of LNG fuel tanks.
Additionally, the company plans to apply the latest ship line optimization technology to improve fuel efficiency, operational efficiency, and loading efficiency of the vessels. Through this, shipowners can reduce operating costs such as fuel expenses while effectively responding to strengthening global environmental regulations.
Currently, the global containership market is shifting from a phase of expanding large-scale capacity to one focused on replacing aging ships and transitioning to eco-friendly fleets in response to strengthened environmental regulations by the International Maritime Organization (IMO). In line with this trend, Hanwha Ocean continues its selective order strategy centered on high-value-added and eco-friendly ships.
Following an earlier order for three VLGCs (very large gas carriers) from an Oceania region shipowner for 477.8 billion won on the 1st, Hanwha Ocean has now secured this contract as well, recording a total order achievement of 2.305 trillion won within two days.
Since the beginning of this year, the company has secured orders totaling 38 vessels and one land-based plant project worth 7.07 billion dollars: 17 VLCCs (very large crude carriers), six LNG carriers, six containerships, three VLACs (very large ammonia carriers), three VLGCs, one WTIV (wind turbine installation vessel), one special ship, and one land-based plant project.
Kim Hee-cheol, HanwhaOh Syeon (CEO)director, stated, "The trust in Hanwha Ocean's design and production technology capabilities and project execution capabilities confirmed through the first project has been continued again as a large-scale follow-up order just one year later." He added, "We will continuously enhance differentiated eco-friendly technologies and quality competitiveness to ensure that our cooperative relationship with Yang Ming Line develops into a long-term partnership."
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