Hanwha Ocean Wins Four Container Ship Orders Worth Over 1 Trillion Won from HMM

Supporting Eco-Friendly Fleet...Aligned with HMM's Expansion Strategy
Delivery by February 2029...Equivalent to 9.9% of 2024 Sales
41 Orders Secured This Year...Totaling Approximately 11.3 Trillion Won

Hanwha Ocean has secured an order for four container ships worth 1.0707 trillion won from HMM. This is a large-scale contract equivalent to about 10% of last year's consolidated sales (10.776 trillion won), and the order is part of HMM's fleet expansion plan under its '2030 Mid- to Long-Term Strategy.'

Panoramic view of Hanwha Ocean headquarters in Geoje-si, Gyeongnam. Photo by Yonhap News

On the 28th, Hanwha Ocean announced through a public disclosure that it had signed a contract with HMM to build four container ships. The contract period runs from the previous day, the 27th, until February 28, 2029. This order is in line with HMM's ongoing eco-friendly fleet transition strategy. A Hanwha Ocean representative stated, "By supplying eco-friendly, high value-added container ships, we will support the shipping company's mid- to long-term strategy implementation," adding, "We also aim to contribute to strengthening the future competitiveness of the domestic shipping and shipbuilding industries."

Hanwha Ocean plans to continue its selective order strategy, focusing on profitability and high value-added ship types, based on its accumulated container shipbuilding technology and project execution experience. This contract is also considered to align with the company's 'selective order' policy.

Hanwha Ocean's cumulative order performance this year includes 17 Very Large Crude Carriers (VLCCs), 17 container ships, 6 Liquefied Natural Gas (LNG) carriers, and 1 icebreaking research vessel, totaling 41 ships. In terms of value, this amounts to approximately 7.7 billion dollars (about 11.3 trillion won).

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