Hanwha Ocean confirms Maran Gas order for LNG carrier duo

LNG Prime reported on November 7, citing shipbuilding sources, that Maria Angelicoussis-led Maran Gas is expected to order two ME-GI LNG carriers from Hanwha Ocean.

Hanwha Ocean said on Monday that the two firms signed the shipbuilding deal for two 174,000-cbm LNG carriers on November 8.

The deal also includes two optional vessels.

The vessels will be equipped with ME-GI engines and a full reliquefaction system.

According to Hanwha Ocean, the deal is worth 713.5 billion won. This is about $510 million or $255 million per vessel.

Hanwha Ocean will deliver the LNG carriers by December 2027.

In March 2023, Maran Gas ordered two 174,000-cbm LNG carriers at Hanwha Ocean scheduled for delivery by June 2027, boosting the total to eleven vessels since 2021.

The deal is worth about $512.5 million or about $256.2 million per vessel.

Including these two new vessels, Maran Gas has ordered a total of 13 LNG carriers at Hanwha Ocean since November 2021.

In addition, Angelicoussis and its units have booked 123 ships with the shipbuilder since 1994, Hanwha Ocean said.

With this deal, Hanwha Ocean has received orders worth about $7.87 billion this year for 39 ships, more than doubling last year’s total orders of $3.52 billion.

This includes 12 LNG carriers as part of the giant QatarEnergy shipbuilding program and four LNG carriers for Adnoc L&S.

Hanwha Ocean recently also secured an order for one FSRU worth $413 million from Japan’s MOL.