Close Menu
Business DunesBusiness Dunes

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Saudi Aramco working toward reducing the risks of metal corrosion: top official

    August 2, 2025

    Construction & Contracting in Saudi Arabia and the MENA Region: Building the Future

    July 31, 2025

    The Expanding Role of NDT Services in Saudi Arabia and What the Future Holds

    July 31, 2025
    Facebook X (Twitter) LinkedIn
    Business DunesBusiness Dunes
    • Home
    • About Us
    • Magazines
    • Interviews
    • Business News
      • Startups
      • Energy
      • Finance
      • Construction
    • Contact Us
    Subscribe
    Business DunesBusiness Dunes
    You are at:Home»Energy»Hanwha Shipping orders first US LNG vessel since 1970s
    Energy

    Hanwha Shipping orders first US LNG vessel since 1970s

    Business DunesBy Business DunesJuly 28, 2025No Comments2 Mins Read

    PHILADELPHIA, July 22, 2025 – Hanwha Shipping, the US subsidiary of Korean shipbuilder Hanwha Ocean, has ordered a new LNG carrier from group company Hanwha Philly Shipyard, Bloomberg reported on Tuesday.

    It is the first US order for an LNG vessel since the 1970s, according to the company. The vessel will have a capacity of 174,000 cubic metres and be fitted with a gas-injection engine and a GTT containment system. It will cost at least USD 250 million, with the total consideration depending on the final terms agreed between Hanwha Philly Shipyard and Hanwha Ocean.

    The order calls for one vessel, with an option for a second.

    Hanwha’s move comes amid new US trade policies proposed in April 2025 that target Chinese shipbuilding and aim to encourage domestic production. Provisions under the new policies, which are still pending a final ruling, include requirements that a certain percentage of US LNG exports be shipped on US-built LNG carriers.

    Speaking to Bloomberg News, Hanwha Shipping president and CEO Ryan Lynch said a significant portion of the build will be carried out at Hanwha Ocean’s Geoje shipyard in South Korea, while Hanwha Philly Shipyard will handle US regulatory compliance and safety certifications.

    The order is a step towards creating a demand signal for US-built LNG tankers, Lynch added, noting that finding the personnel to crew LNG vessels constructed in the US is challenging and can take several years.

    Hanwha Ocean operates global shipbuilding, defence and marine engineering businesses. It acquired Philly Shipyard from Aker in June 2024 for USD 100 million. Philly Shipyard specialises in commercial and naval vessel construction and retrofitting, and supplies around 50% of the largest commercial vessels in the US, including tankers and container ships.

    Photo of Hanwha Philly Shipyard courtesy of Hanwha Ocean.

    Follow on X (Twitter) Follow on LinkedIn
    Share. Facebook Twitter LinkedIn Email
    Business Dunes
    • Website
    • LinkedIn

    Related Posts

    Saudi Aramco working toward reducing the risks of metal corrosion: top official

    August 2, 2025

    The Expanding Role of NDT Services in Saudi Arabia and What the Future Holds

    July 31, 2025

    The Rise of Sustainable Corrosion Inhibitors in the Middle East

    July 31, 2025
    Leave A Reply Cancel Reply

    Demo
    Top Posts

    ACWA Power-led consortium signs $8.3bn deals for massive renewable energy push

    13

    Rabbit’s quick commerce model takes off in Saudi Arabia.

    11

    A reliable financier of Kuwait’s development projects

    11

    MENA firms raise $180m in 7-day funding blitz

    10
    Don't Miss
    Business

    Saudi Aramco working toward reducing the risks of metal corrosion: top official

    RIYADH: Energy giant Saudi Arabian Oil Co. has established a set of standards and measures…

    Construction & Contracting in Saudi Arabia and the MENA Region: Building the Future

    July 31, 2025

    The Expanding Role of NDT Services in Saudi Arabia and What the Future Holds

    July 31, 2025

    The Rise of Sustainable Corrosion Inhibitors in the Middle East

    July 31, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us

    Business Dunes is a premier publishing company dedicated to delivering insightful, authoritative, and timely business content tailored for the dynamic markets of Saudi Arabia and the Gulf region.

    Email Us: info@businessdunes.com

    X (Twitter) LinkedIn
    Our Picks

    Saudi Aramco working toward reducing the risks of metal corrosion: top official

    August 2, 2025
    © 2025 All Rights Reserved By Business Dunes
    • Home
    • Interviews
    • Business
      • Energy
      • Oil & Gas
      • Finance
    • Get In Touch
    • Our Policy

    Type above and press Enter to search. Press Esc to cancel.