Hanwha Ocean landed a 713.5 billion won ($550 million) order for two liquefied natural gas carriers from Greece’s Angelicoussis Group, extending a three-decade partnership that has generated more than $15 billion in business.
The vessels, each capable of carrying 174,000 cubic meters of LNG, will be built at the company’s Geoje shipyard and delivered in 2027. The deal includes options for two additional carriers, the South Korean shipbuilder said Monday.
The new ships will feature Hanwha’s natural gas propulsion engines and re-liquefaction systems, along with energy-saving technologies including air lubrication and shaft generator motors to boost fuel efficiency.
This order from Angelicoussis’s unit Maran Gas Maritime brings Hanwha Ocean’s 2024 orderbook to 11.64 trillion won, already more than double last year’s 4.58 trillion won. The company has secured contracts for 39 vessels this year, including 19 LNG carriers.
Angelicoussis Group, which placed its first order with Hanwha in 1994, has commissioned 123 vessels from the Korean shipbuilder, making it the company’s largest customer.
