South Korean shipbuilder Hanwha Ocean has signed a contract with HMM for the construction of four 13,000-TEU class container vessels, according to Korean regulatory disclosures.
Hanwha Ocean’s filing states that the contract totals KRW 1.0707 trillion (approximately $730+ million at the current exchange rate) and is effective from 27 November 2025 to 28 February 2029, implying delivery of all four ships by February 2029.
Each vessel will measure 337 meters in length, 51 meters in width, and 27.9 meters in height. Korean reports confirm that the ships will be equipped with dual-fuel systems operating on LNG and conventional fuel.
The four-vessel agreement corresponds to the remaining portion of HMM’s previously announced KRW 4.3 trillion newbuilding program disclosed on 16 October 2025, which covers twelve 13,000-TEU LNG dual-fuel container ships and two VLCCs. Eight of the twelve containerships were separately contracted to HD Hyundai, while the four units announced now are allocated to Hanwha Ocean.
With this deal included, Hanwha Ocean’s 2025 orderbook totals 41 vessels—17 VLCCs, 17 container ships, six LNG carriers and one icebreaking research vessel—with an aggregate value of about $7.7 billion.
Hanwha Ocean is a South Korean shipbuilding company operating large-scale facilities and specialized production lines for commercial and technologically advanced vessels. The company functions as part of the Hanwha Group’s industrial portfolio and engages in R&D for propulsion technologies, LNG-related systems, and complex marine engineering solutions. It continues the activities of the shipbuilding assets rebranded under the Hanwha name following earlier corporate restructuring.
HMM Co., Ltd. is a South Korean ocean carrier providing global container shipping services across major trade lanes. The company operates long-haul and regional services connecting Asia with international markets and manages its own logistics, fleet planning, and maritime operations. HMM engages in periodic fleet renewals aimed at maintaining long-term service capacity across intercontinental routes.
