Archive · 19 Dec 2025
Hanwha Ocean Secures $1.75 Billion LNG Carrier Order
Hanwha Ocean, a company in South Korea, just got a big order from Europe.
They will make seven special ships that carry liquefied natural gas (LNG) for $1.75 billion.
This is part of a bigger plan where they have already ordered 51 ships worth $9.83 billion this year.
Hanwha Ocean is also buying a Norwegian company called Seam AS, which makes electric systems for ships.
This helps Hanwha Ocean make ships that are better for the environment.
Another company, HD KSOE, also got an order for four container ships worth $466.2 million.
These ships will be delivered by the second half of 2028.
Hanwha Ocean secured a $1.75 billion order for 7 LNG carriers from a European shipowner.
The company has ordered 51 vessels worth $9.83 billion this year, exceeding last year's total.
Hanwha Engine is acquiring Seam AS, a Norwegian firm specializing in zero-emission maritime solutions.
Seam AS holds a 40% market share in Norway's maritime market for electric propulsion ships.
HD KSOE won an order for four container ships worth $466.2 million, with deliveries by mid-2028.
- Who
- Hanwha Ocean and Hanwha Engine
- What
- Secured a $1.75 billion order for 7 LNG carriers and acquired Seam AS
- When
- Announced on Friday
- Where
- Seoul, South Korea
- Why
- To expand maritime technology and meet demand for eco-friendly vessels
- Order Value
- 2.59 trillion won ($1.75 billion)
- Number of Vessels
- 7 LNG carriers
- Client Location
- Europe
- Total Orders This Year
- 51 vessels worth $9.83 billion
- Acquisition Target
- Seam AS (Norwegian firm)
- Acquisition Cost
- 290 billion won ($196.6 million)
- Seam's Market Share
- 40% in Norway's maritime market