Hanwha Ocean To Build World’s Biggest Ammonia Carriers With $498 Million Agreement Deal

The well-known Greek shipowner Naftomar Shipping and Trading and the South Korean shipbuilding behemoth Hanwha Ocean have reached a significant agreement to build four substantial ammonia carriers (VLACs) for KRW 656.2 billion (about $498 million).

Hanwha Ocean
Image Credits: Hanwha Ocean/Press Release

The ships, expected to be the biggest in the world, can each carry 93,000 cubic meters of ammonia.

Hanwha Ocean claims that the VLACs will be constructed at the Geoje shipyard and delivered to Naftomar in the first half of 2027.

Interestingly, these carriers can be converted to ammonia propulsion if that is the shipowner’s preference.

Incorporating Hanwha Ocean’s exclusive technologies into these carriers demonstrates the company’s dedication to environmentally conscious endeavours.

The Hanwha SmartShip Solution & Service and the shaft generator motor system will be installed on the vessels. These developments align with shipbuilders’ focus on creating alternative fuels, particularly ammonia.

This order is a noteworthy recognition of Hanwha Ocean’s expertise in the field, given that the shipbuilder had approvals in principle (AiPs) for an 86,000 cubic meter ammonia carrier from Bureau Veritas (BV) in September 2022 and Lloyd’s Register (LR) in October 2022,

Ammonia is considered an environmentally friendly fuel because it emits no carbon dioxide when burned.

It can also be used to transport hydrogen economically, which makes it an essential component of the maritime industry’s transition to sustainability.

This contract with Naftomar represents a calculated move to strengthen Hanwha Ocean’s position in the expanding market for sustainable maritime solutions, further solidifying the company’s leadership in developing environmentally friendly fuel carriers.

References- Offshore Energy, KED Global

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

Latest Shipping News You Would Like:

Get the Latest Maritime News Delivered to Your Inbox!

Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.

Leave a Reply

Your email address will not be published. Required fields are marked *