Hanwha Ocean Co., the world's third-largest shipbuilder by order backlog, said it has received an order worth 2.4 trillion won (US$1.8 billion) to build eight liquefied natural gas (LNG) ships.

Hanwha Ocean wins 2.4 tln-won order for 8 LNG ships

Hanwha Ocean will build eight LNG carriers at its shipyard on Geoje Island, 330 kilometers south of Seoul, for the delivery by January 2028, a company spokesperson said.

The company didn't provide the name of the client.

Hanwha Ocean has bagged $2.35 billion worth of ship orders so far this year. It achieved orders valued at $4.1 billion for the whole of 2023.

The shipbuilder has had an order backlog of $28.1 billion as of December, which will make its shipyard busy over the next three years.

Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co., set sail as the shipbuilding arm of chemical-to-defense industry conglomerate Hanwha Group in May last year.