Hanwha Ocean kicks off work on BW LNG’s carrier

South Korea’s Hanwha Ocean has officially started building a new 174,000-cbm LNG carrier for BW LNG, a unit of Singapore-based gas shipping giant BW.

BW LNG announced the steel-cutting ceremony in a social media post on Thursday for one of its four LNG newbuilds.

The ceremony for the vessel with hull number 2544 took place on July 24 at the Hanwha Ocean yard in Geoje.

Back in 2022, BW LNG confirmed orders for four 174,000-cbm LNG carriers at Hanwha Ocean, previously known as DSME.

According to BW LNG’s website, this vessel with number 2544 is the third in that batch.

The vessel features ME-GI propulsion, full reliquefaction system, air lubrification system and shaft generators, giving “superior fuel consumption and best-in-class emissions,” BW LNG claims.

Hanwha Ocean will deliver the four new LNG carriers to the owner in 2025.

Including these newbuilds, BW LNG has 30 vessels in its fleet.

This includes 10 steam carriers built between 2003 and 2008, 7 TFDE vessels, and the rest are ME-GI ships.

In addition, BW LNG has four floating storage and regasification units.

The FSRUs are BW Batangas, BW Integrity, BW Magna, and BW Tatiana.

Last year, BW LNG sold its 2015-built FSRU BW Singapore to Italy’s Snam for about $400 million.

Most Popular

TotalEnergies CEO expects US financing for Mozambique LNG to be approved in weeks

In May 2020, EXIM voted to amend the agency's previously approved September 2019 direct loan supporting US exports for...

Greek and German firms place orders for LNG-powered vessels in China and Korea

Reports by Intermodal and other brokers suggest that Greece's Sun Enterprises and TMS Group and Germany's Peter Dohle ordered...

PetroVietnam Power: first LNG power plant connected to grid

PV Power said in a statement that the plant generated 50 MW of electricity as part of its testing...

More News Like This

Hanwha, Baker Hughes to develop ammonia turbines

Two units of South Korean conglomerate Hanwha have joined forces with US energy services firm Baker Hughes to design...

Evergreen plans order for LNG-powered vessels

If finalized, this would be the first order for LNG dual-fuel vessels for Evergreen, which has mainly focused on...

LNG carrier orders climb in 2024

The data shows there were at least 78 orders for large LNG carriers in 2024. This compares to about 68...

Maersk orders 20 LNG-powered containerships in China and South Korea

Maersk confirmed the orders in a statement on Monday saying the vessels have a capacity of 300,000 teu. With these...