Hanwha Ocean bags $265M deal for 2 very large crude carriers

With the contract, the shipbuilder has secured over $4.6 billion in orders this year for 27 vessels, including liquefied natural gas and ammonia transporters.

Published
Hanwha Ocean's shipyard is seen in Geoje, South Gyeongsang, on March 12.

Hanwha Ocean said Wednesday it has secured a 394.3 billion won ($264.7 million) deal to build two very large crude carriers (VLCC) for a North American client.

In a regulatory filing, Hanwha Ocean said it will deliver the vessels by March 2030.

With the latest contract, the shipbuilder has won orders this year worth a combined $4.61 billion for 27 vessels, including 17 VLCCs, six liquefied natural gas carriers, three very large ammonia carriers and one wind turbine installation vessel.

Hanwha Ocean shares jumped 7 percent to close at 82,000 won Wednesday.


Yonhap