Hanwha Ocean secures order for LNG carrier duo

Hanwha Ocean said in a stock exchange filing on Wednesday that it will build the LNG carrier for an unidentified Oceania-based owner.

The contract is worth 738.3 billion won ($501 million), or $250.5 million per vessel.

Hanwha Ocean will deliver the newbuild LNG carriers by June 2029.

The shipbuilder did not provide further information.

However, Greece’s Alpha Gas said in a social media post later on Wednesday that it has placed an order for two LNG carriers, which will feature the latest energy‑efficient technologies.

Alpha Gas said the vessels will be built in South Korea and are scheduled to be delivered in 2029.

“This strategic fleet expansion underscores our continued confidence in the long‑term growth of the global LNG market and reinforces Alpha Gas’ position as a committed and forward‑looking player in the sector,” Alpha Gas said.

Including this order, Alpha Gas now has ten LNG carriers in its fleet.

Besides LNG carriers, Alpha Gas has four VLGC/VLAC carriers on order with Hanwha Ocean and HD Hyundai Heavy, scheduled for delivery in 2026 and 2027.

In 2024, South Korea’s HD Hyundai Samho Heavy Industries delivered the 174,000-cbm LNG carrier, Energy Fortitude, to Alpha Gas.

With this, Alpha Gas took delivery of all three XDF LNG carriers from HSHI during 2023-2024.

First LNG carrier order in 2026

This is Hanwha Ocean’s first LNG carrier order in 2026.

Last year, Hanwha Ocean secured orders for 13 LNG carriers, including seven vessels tied to Norway’s Knutsen.

Last year’s orders also include contracts with its US affiliate Hanwha Philly Shipyard.

In August 2025, Hanwha Ocean announced a contract with Hanwha Philly Shipyard to build a second LNG carrier.