Commodities
Hanwha Ocean Lands Massive Order for LNG Duo
South Korea's Hanwha Ocean has secured a major contract to build two liquefied natural gas (LNG) carriers, valued at approximately $500 million. The order marks a significant development for the company, which specializes in shipbuilding and offshore plants.
The LNG carriers are expected to play a crucial role in meeting growing global demand for cleaner energy sources. Hanwha Ocean will now work on designing and constructing the vessels, with delivery scheduled to take place in the future.