
Image Credit: “LNG boom or bust?” Available at Yahoo Images (11/20/2024).
Maran Gas Maritime, the LNG shipping division of Greece’s Angelicoussis Shipping Group, has placed an order for two liquefied natural gas (LNG) carriers with South Korea’s Hanwha Ocean. The contract, valued at approximately 713.5 billion won (around $511 million), includes an option for two additional vessels, signaling potential future fleet growth.
Each LNG carrier will have a capacity of 174,000 cubic meters and is scheduled for delivery in 2027. The vessels will be constructed at Hanwha Ocean’s Geoje shipyard in South Gyeongsang Province, renowned for its advanced shipbuilding capabilities.
These state-of-the-art ships will feature ME-GI natural gas engines and a full re-liquefaction system (FRS), providing significant fuel efficiency and reduced emissions compared to conventional LNG carriers. Hanwha Ocean will integrate eco-friendly systems, including the Air Lubrication System (ALS), which reduces hull friction to enhance fuel economy, and the Shaft Generator Motor System (SGM) that supplies power without auxiliary engines, further reducing fuel consumption and emissions.
This order reinforces the long-standing partnership between Hanwha Ocean and the Angelicoussis Group, established in 1994. Over three decades, the Angelicoussis Group has commissioned 123 vessels from Hanwha Ocean, with total contracts exceeding $15 billion, underscoring their shared dedication to quality and innovation in shipbuilding.
In 2024, Hanwha Ocean has experienced a surge in demand, securing contracts for 39 vessels valued at $8.37 billion (11.64 trillion won), more than double the $3.52 billion in orders from the previous year. These orders span a mix of LNG carriers, LNG-FSRUs, very large crude carriers (VLCCs), container ships, ammonia carriers, and specialized vessels, underscoring Hanwha’s growing prominence as a leader in technologically advanced and eco-friendly maritime solutions.
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