Hanwha Shipping, a US subsidiary of Hanwha Ocean, has once again placed an order for new ships with its parent company, Hanwha Ocean.
According to TradeWinds, Hanwha Shipping has recently placed an order with Hanwha Ocean for one 300,000 DWT VLCC. The new vessel will be equipped with a desulfurization device to actively comply with the International Maritime Organization (IMO) environmental regulations on sulfur dioxide emissions.
The industry believes that this VLCC order is part of Hanwha Shipping’s long-term strategy for the US market and its efforts to renew its own fleet and transition to environmental protection, rather than simply a ship purchase.
In addition to VLCCs, in February this year, Hanwha Shipping placed an order with Hanwha Ocean for two 174,000m³ liquefied natural gas (LNG) carriers, with each vessel costing approximately US$252 million and expected to be delivered in the second half of 2027.
Hanwha Shipping was established in April 2024 to support Hanwha Ocean in winning more high-tech ship orders in the global new shipbuilding market. The company aims to become an operational platform for environmentally friendly and digital ship technology, with its main business focusing on the shipowner sector.
So far this year, excluding additional orders from Hanwha Shipping, Hanwha Ocean has secured five confirmed orders for VLCCs and signed a letter of intent with Greece’s Tsakos Energy Navigation (TEN) for the construction of 2+1 VLCCs, making it one of the most active shipyards in the VLCC segment this year.
The five confirmed orders are two 320,000 DWT VLCCs from Capital Ship Management of Greece, two LNG dual-fuel powered VLCCs from Advantage Tankers of Switzerland, and one VLCC from Capita of Greece.