Hanwha Ocean Co.’s shipyard in Geoje, about 330 kilometers southeast of Seoul, is seen in this photo provided by the company. (Image courtesy of Yonhap)
SEOUL, Sept. 17 (Korea Bizwire) — Hanwha Ocean Co. said Wednesday it has clinched a 1.93 trillion-won (US$1.47 billion) order from Taiwan’s YangMing Marine Transport Corp. to build seven liquefied natural gas (LNG) dual-fuel container ships.
The vessels, each with a capacity of 15,880 twenty-foot equivalent units (TEUs), will be built at Hanwha’s Okpo Shipyard in Geoje, South Gyeongsang Province, and delivered by the first half of 2029.
The ships will be equipped with the world’s first LNG fuel tanks designed with a 1.0 bar pressure rating, compared with the existing 0.7 bar design. The upgrade will enable safer and longer storage of vaporized natural gas.
The deal marks Hanwha Ocean’s first contract with YangMing and follows a similar order signed in March with Evergreen Marine, another Taiwanese shipper, further strengthening the shipbuilder’s foothold in Taiwan’s market.
“This first contract with YangMing is a recognition of Hanwha Ocean’s differentiated eco-friendly technology and design capabilities,” Chief Executive Officer (CEO) Kim Hee-cheul said. “We will further solidify our technological edge and continue to lead the global eco-friendly ship market.”
(Yonhap)
