On October 30, Hanwha Ocean announced that it had secured an order from a Bermuda-based shipowner to build two very large crude carriers (VLCCs). The contract is worth 356.8 billion won (approximately $267 million), with each vessel costing about $133.5 million.
It is reported that the vessel will be built at Hanwha’s Geoje Shipyard and is scheduled for delivery by the second half of 2030.
Including this order, Hanwha Ocean has secured a total of 44 newbuilds this year, with a combined order value of approximately $8.11 billion. The order book comprises 21 Very Large Crude Carriers (VLCCs), 8 liquefied natural gas (LNG) carriers, 6 container ships, 3 Very Large Ammonia Carriers (VLACs), 3 Very Large Gas Carriers (VLGCs), and 1 offshore wind turbine installation vessel.