SEOUL, November 28 (AJP) - South Korea’s Hanwha Ocean announced Friday that it has secured a $725 million (1.07 trillion won) order from HMM to build four container ships.
The deal is part of HMM’s broader strategy to transition to eco-friendly vessels and bolster the competitiveness of South Korea’s shipping and shipbuilding sectors. Hanwha Ocean said it will leverage its advanced container ship construction technology and extensive project experience to deliver high-value vessels.
This latest order brings Hanwha Ocean’s total confirmed ship orders to 41, including 17 very large crude carriers, 17 container ships, six LNG carriers, and one icebreaker research vessel, with a combined value of approximately $7.7 billion.
The company’s growing order book reflects strong demand for advanced and environmentally friendly vessels amid rising global shipping regulations and the industry’s shift toward decarbonization.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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