Hanwha Ocean wins VLCC contract worth 572.2 billion won
Hanwha Ocean has successfully secured its first contract of the new year with orders for 3 very large crude carriers.
Hanwha Ocean announced on Jan. 15 that it had received orders for 3 VLCCs from a Middle Eastern shipowner for 572.2 billion won. The vessels are scheduled to be delivered to the shipowner by the end of April 2029.
The aging of the global VLCC fleet is rapidly progressing, making the phased retirement of older vessels inevitable. Accordingly, the industry believes that demand for new VLCC construction is likely to be structurally maintained.
Hanwha Ocean continues to earn trust from global shipowners based on its accumulated design and construction experience in the VLCC sector, differentiated technological competitiveness, and leading technical capabilities that reflect fuel efficiency improvements and eco-friendly specifications.
A company official said, “We plan to maintain our selective ordering strategy focused on high value-added large vessels while flexibly responding to market fluctuations.”
Source:Business Korea
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