July10 , 2026

    Hanwha Ocean building LNG carriers for its shipowning arm

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    South Korean shipbuilder Hanwha Ocean has signed contracts to build two LNG carriers for its affiliate Hanwha Shipping.

    The Okpo-based yard formerly Daewoo Shipbuilding & Marine Engineering (DSME) is scheduled to deliver the vessels by the end of September 2027.

    Hanwha Shipping was formally launched by Hanwha Ocean in April 2024 as a shipowning arm that will serve as a testbed and validation platform for new ship technologies.

    Last September, Hanwha Ocean unveiled its next generation of ships at Gastech event in Houston including a zero-emission LNG carrier design called Ocean 1.

    The vessel has been designed to feature an ammonia gas turbine-based electric propulsion system and advanced eco-friendly and digital solutions.

    Details about Hanwha Shipping’s newbuilding pair, worth about $252m each, have not been revealed.

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