SEOUL, September 3 (AJP) - Hanwha Ocean has secured an additional order from a Taiwanese shipping company to build six liquefied natural gas (LNG)-powered container ships, according to industry sources on Thursday.
The order worth 1.55 trillion won (US$1.1 billion) is for six 13,650-TEU LNG dual-fuel container ships, bringing its total orders from Taiwan's Yang Ming Marine Transport Corporation to 13.
The newly ordered ships will be equipped with fuel tanks made using Hanwha Ocean's own high-manganese steel technology, which offers greater cost competitiveness than nickel alloy steel or aluminum while maintaining high strength at ultra-low temperatures of minus 163 degrees Celsius.
With the latest order, which comes just two days after Hanwha Ocean won a contract to build three very large gas carriers earlier this week, the cumulative value of its orders now stands at 2.03 trillion won.
"Winning a series of orders in such a short period demonstrates Hanwha Ocean's strong production capabilities along with differentiated shipbuilding capability," a Hanwha Ocean spokesman said.
The order worth 1.55 trillion won (US$1.1 billion) is for six 13,650-TEU LNG dual-fuel container ships, bringing its total orders from Taiwan's Yang Ming Marine Transport Corporation to 13.
The newly ordered ships will be equipped with fuel tanks made using Hanwha Ocean's own high-manganese steel technology, which offers greater cost competitiveness than nickel alloy steel or aluminum while maintaining high strength at ultra-low temperatures of minus 163 degrees Celsius.
With the latest order, which comes just two days after Hanwha Ocean won a contract to build three very large gas carriers earlier this week, the cumulative value of its orders now stands at 2.03 trillion won.
"Winning a series of orders in such a short period demonstrates Hanwha Ocean's strong production capabilities along with differentiated shipbuilding capability," a Hanwha Ocean spokesman said.
Shares of Hanhwa Ocean were 2.3 percent higher at 83,900 won ($61.65) as of 9:45 a.m. in Seoul.
Yang Ming Marine Transport Corporation's chairman Chuck F.M. Tsai said the order reflects a shared commitment to building a more competitive and sustainable fleet, adding that the successful delivery of the six ships will help the two companies further strengthen their long-term cooperation.
Meanwhile, Hanwha Ocean has been coping with shifting global shipping routes caused by the prolonged conflict in the Middle East by meeting growing demand for eco-friendly, high-value vessels.
AJP Takeaways
• Hanwha Ocean secured a 1.55 trillion won (US$1.1 billion) order for six 13,650-TEU LNG dual-fuel container ships from Taiwan's Yang Ming Marine Transport Corporation, bringing Yang Ming's total orders from Hanwha Ocean to 13 container ships.
• The new ships will feature fuel tanks using Hanwha Ocean's proprietary high-manganese steel technology, which offers cost advantages over nickel alloy steel and aluminum while maintaining high strength at temperatures as low as minus 163 degrees Celsius.
• Hanwha Ocean's cumulative orders had reached 2.03 trillion won after the company secured contracts for six LNG container ships and three very large gas carriers within two days, reflecting strong demand for eco-friendly, high-value vessels.
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