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LNG Carrier Construction Contract for Hanwha Philly Shipyard

Sector: LNG • Location: Philadelphia and Geoje, Pennsylvania and South Gyeongsang, United States and South Korea

Source: Yonhap News Agency

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Hanwha Philly Shipyard, recently acquired by South Korea's Hanwha Ocean Co., secured a contract worth 348 billion won (US$251.2 million) to build a liquefied natural gas (LNG) carrier. The project involves construction mainly at Hanwha Ocean's Geoje shipyard in South Korea, with Hanwha Philly Shipyard handling certification and compliance work required by the U.S. Coast Guard. This marks the shipy

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The project “LNG Carrier Construction Contract for Hanwha Philly Shipyard” is an infrastructure initiative in the LNG sector, located in Philadelphia and Geoje, Pennsylvania and South Gyeongsang, United States and South Korea. Taiyo aggregates data on it from Yonhap News Agency.

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Hanwha Philly Shipyard, recently acquired by South Korea's Hanwha Ocean Co., secured a contract worth 348 billion won (US$251.2 million) to build a liquefied natural gas (LNG) carrier. The project involves construction mainly at Hanwha Ocean's Geoje shipyard in South Korea, with Hanwha Philly Shipyard handling certification and compliance work required by the U.S. Coast Guard. This marks the shipyard's first overseas LNG carrier deal in nearly 50 years and aims to enhance shipbuilding cooperation between South Korea and the United States.

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