Hanwha Ocean wins $515 million crude oil carrier order from Africa

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Hanwha Ocean wins $515 million crude oil carrier order from Africa

Published: 24 Nov. 2025, 18:08 Updated: 24 Nov. 2025, 21:36

JIN MIN-JI
[email protected]

A very large crude carrier. [HANWHA OCEAN]

Hanwha Ocean, the shipbuilding arm of Korea's chemical-to-defense conglomerate Hanwha Group, said Monday it has secured a 757.7 billion won ($515 million) order for oil carriers from a shipper in Africa.

Under the contract, the company will build four very large crude carriers for an unidentified Africa-based shipping firm by November 2028, it said in a regulatory filing.

Hanwha Ocean has clinched $6.97 billion worth of orders so far this year. It secured $8.98 billion in orders in 2024.

Yonhap