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Monday, July 21, 2025

Korean Conglomerate Hanwha Shipping Orders First US LNG Carrier

 



Hanwha Shipping, the American subsidiary of Hanwha Ocean, ordered a liquefied natural gas vessel from its affiliate Hanwha Philly Shipyard, marking the first US LNG ordered ship since the late 1970s, the company said.


The vessel would cost at least $250 million, plus additional considerations depending on the final contract details between Philly Shipyard and Hanwha Ocean, Ryan Lynch, president and chief executive officer of Hanwha Shipping, said in an interview with Bloomberg News on Monday.

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