iMarine

Hanwha Ocean Secures Major LNG Carrier Order from Angelikousis Group

Hanwha Ocean announced on Nov. 11 that it has received an order for two LNG carriers from Maran Gas Maritime, a subsidiary of Greece’s largest shipping company Angelikousis Group, with a total value of KRW 713.5 billion (approx. $511 million).

The new vessels will be built at Hanwha Ocean’s Geoje shipyard in Gyeongsangnam-do and are scheduled to be delivered in 2027. Notably, the contract also includes an option for two more vessels.

The LNG carriers, with a capacity of 174,000 cubic meters, will be equipped with ME-GI high-pressure dual-fuel engines and a full re-liquefaction system (FRS), which will improve fuel efficiency and reduce pollutant emissions compared to existing LNG carriers. In addition, the new buildings will be equipped with Hanwha Ocean’s intelligent energy-saving systems such as air lubrication system and shaft generators.

Including the latest order, Hanwha Ocean has received orders for a total of 39 vessels so far this year, including 18 LNG carriers, 1 LNG-FSRU, 7 Very Large Crude Carriers (VLCCs), 6 container ships, 3 ammonia carriers, 1 offshore vessel, and 3 special vessels, with a total value of about $7.87 billion, more than doubling the order book from last year.

It is understood that Angelikousis Group is Hanwha Ocean’s largest customer and has ordered 123 vessels from Hanwha Ocean since 1994, totaling about $15 billion.

Hanwha Ocean said that over the past 30 years, Angelikousis Group has maintained a deep relationship of trust with the shipyard that goes beyond business. In 2022, Angelikousis Group donated $2 million to Hanwha Marine in recognition of its employees giving up their summer vacations and giving it their all. Last year, in honor of the late John Angelikousis, the second chairman of the Angelikousis Group, who lent a helping hand to Hanwha Ocean in times of trouble, Hanwha Ocean held a plaque unveiling ceremony and a tree planting event at its Geoje plant as a tribute.

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