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Thu, Oct

Hanwha Ocean Secures $1.47B Deal To Build 7 Advanced LNG Ships For Yang Ming

Hanwha Ocean Secures $1.47B Deal To Build 7 Advanced LNG Ships For Yang Ming

Marine Insight
Hanwha Ocean Secures $1.47B Deal To Build 7 Advanced LNG Ships For Yang Ming
Yang Ming Containership
Image Credits: Yang Ming/LinkedIn

South Korea’s Hanwha Ocean Co. has secured a 1.93 trillion-won ($1.47 billion) contract from Taiwan’s Yang Ming Marine Transport Corp. to build seven LNG dual-fuel container ships, marking the shipbuilder’s first order from the Taiwanese carrier.

The new vessels, each with a capacity of 15,880 twenty-foot equivalent units (TEUs), will be constructed at Hanwha’s Okpo Shipyard in Geoje, South Gyeongsang Province, and are scheduled for delivery between 2028 and 2029.

The ships will feature Ammonia Fuel Ready (AFR) specifications, enabling future conversion to ammonia dual-fuel propulsion. This meets strict International Maritime Organisation (IMO) environmental standards while providing flexibility to adopt alternative fuels during the transition to low-carbon shipping. The design has received the Ammonia Fuel Ready Level 1C notation from the American Bureau of Shipping (ABS).

A key innovation is the use of Type-B LNG fuel tanks with a 1.0 bar pressure rating, the first of its kind in the

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