Hanwha Ocean Lands $500M Deal To Construct 4 Very Giant

Hanwha Ocean has secured an order price roughly $500 million to assemble 4 very giant ammonia carriers (VLACs) for Greek transport firm Naftomar Delivery and Buying and selling Co. Ltd. Inc (Naftomar). 

Every VLAC will be capable of transport 93,000 cubic meters (cbm) of ammonia, a carbon-free gasoline, making them the biggest vessel of their class on the earth, Hanwha Ocean. The vessels shall be constructed at Hanwha’s Geoje shipyard and delivered to the shipowner beginning in 2026.

The VLACs shall be outfitted with Hanwha Ocean’s newest applied sciences, together with its shaft generator motor system (SGM) and Hanwha SmartShip Answer & Service (HS4), the corporate’s proprietary good ship platform. 

They’ll even be geared up with an ammonia dual-fuel (DF) engine that can enable the shipowner the choice to transform the carriers to make the most of ammonia propulsion sooner or later. To satisfy present and projected greenhouse gasoline emissions rules, these newbuild vessels will even incorporate a extremely eco-friendly design with enhanced effectivity, constructed below Naftomar’s stringent specification necessities, Hanwha Ocean mentioned.

“Ammonia is taken into account an environmentally pleasant gasoline that doesn’t emit any carbon dioxide throughout combustion, making it a promising candidate for decarbonizing the maritime transport trade. Final yr, Hanwha Ocean acquired approvals in precept (AiPs) for an 86,000-cbm ammonia service from France’s Bureau Veritas (BV) in September and the U.Okay.’s Lloyd’s Register (LR) in October, two acknowledged international classification societies within the maritime sector,” Hanwha Ocean mentioned.