Hanwha Ocean Wins Order for Two VLCCs Worth 353.6 Billion KRW

Hanwha Ocean announced on the 29th that it has secured an order worth 353.6 billion KRW for two Very Large Crude Carriers (VLCCs) from a shipowner in the Oceania region.

Hanwha Ocean Geoje Plant View. Provided by Hanwha Ocean

These vessels are equipped with a fuel reduction device developed by Hanwha Ocean, which is designed to minimize carbon emissions.

According to Clarkson Research, a British shipbuilding and shipping market analysis agency, Hanwha Ocean has built the largest number of VLCCs among the 1,015 currently in operation, with a total of 198 vessels. This represents a market share of approximately 19.5%.

As of this year, Hanwha Ocean has also secured the highest number of VLCC orders worldwide, with a total of 10 vessels.

This content was produced with the assistance of AI translation services.