{"id":144989,"date":"2026-09-06T16:39:18","date_gmt":"2026-09-06T16:39:18","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/144989\/"},"modified":"2026-09-06T16:39:18","modified_gmt":"2026-09-06T16:39:18","slug":"hanwha-ocean-wins-over-1-5bn-worth-of-orders-this-week-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/144989\/","title":{"rendered":"Hanwha Ocean wins over $1.5bn worth of orders this week"},"content":{"rendered":"

\"(Hanwha \uc0ac\uc9c4 \ud655\ub300 (Hanwha Ocean) <\/p>\n

Hanwha Ocean Co. has secured orders worth more than 2 trillion won ($1.5 billion) in just two days, including a 1.5 trillion-won contract to build container ships for a major global shipping company.<\/p>\n

Hanwha Ocean said Thursday it had signed a 1.55 trillion won contract with Taiwan-based Yang Ming Marine Transport Corp. to build six 13,650-twenty-foot equivalent unit (TEU) liquefied natural gas (LNG) dual-fuel container ships.<\/p>\n

One TEU is equivalent to a 20-foot container.<\/p>\n

The vessels will be built at Hanwha Ocean\u2019s shipyard in Geoje, South Gyeongsang Province, and delivered sequentially by the second half of 2029.<\/p>\n

On Wednesday, Hanwha Ocean also won an order worth 477.8 billion won from an Oceania-based shipowner for three very large gas carriers (VLGCs). The combined value of the two orders came to 2.03 trillion won.<\/p>\n

The Yang Ming Marine Transport contract comes a year after the Taiwanese shipping company placed its first newbuild order with Hanwha Ocean, ordering seven 15,880-TEU LNG dual-fuel container ships in September last year. The first batch has yet to be delivered, meaning Yang Ming has placed a second order even before receiving its first vessels.<\/p>\n

Industry observers are focusing on the significance of the latest deal as a sign of repeat orders, rather than simply its size.<\/p>\n

Hanwha Ocean said the contract demonstrates Yang Ming\u2019s confidence in its ship design and production capabilities as well as its project management expertise.<\/p>\n

Yang Ming has traditionally placed most of its newbuild orders with Japan\u2019s Imabari Shipbuilding Co. and China\u2019s CSBC.<\/p>\n

The vessels will feature Hanwha Ocean\u2019s independently developed Type B LNG fuel tanks made from high-manganese steel. Because LNG must be stored at about minus 163 degrees Celsius, fuel tanks require materials that can withstand extreme cold. Nickel-alloy steel and aluminum have traditionally been used, but high-manganese steel can maintain toughness at cryogenic temperatures while reducing costs.<\/p>\n

Hanwha Ocean also plans to apply linear optimization technology to improve fuel efficiency, operational performance, and cargo-handling efficiency.<\/p>\n

The global shipping industry is undergoing fleet renewal as operators replace aging vessels and shift toward lower-emission fuels. Geopolitical disruptions, including the war in the Middle East, have also increased demand for new ships.<\/p>\n

Hanwha Ocean has won orders for 38 vessels worth about $7.07 billion so far this year, including 17 very large crude carriers, six LNG carriers, six container ships, three very large ammonia carriers, three VLGCs, and one wind turbine installation vessel.<\/p>\n

By Park Seung-joo and Han Yubin
\n[\u24d2 Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved] <\/p>\n","protected":false},"excerpt":{"rendered":"\uc0ac\uc9c4 \ud655\ub300 (Hanwha Ocean) Hanwha Ocean Co. has secured orders worth more than 2 trillion won ($1.5 billion)…\n","protected":false},"author":2,"featured_media":144990,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[345],"tags":[355,354,373],"class_list":["post-144989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hanwha-ocean","tag-hanwha","tag-hanwha-group","tag-hanwha-ocean"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/144989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=144989"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/144989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/144990"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=144989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=144989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=144989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}