Hanwha Ocean (042660.KS) has won a new order for two liquefied natural gas carriers, bringing its cumulative order value in September alone to about 2.9 trillion won.
The shipbuilder said in a regulatory filing on the 28th that it had secured the order for two LNG carriers from an African shipowner for about 680 billion won. The amount is equivalent to 5.3% of the company's revenue last year.
With the latest deal, Hanwha Ocean has logged a total of 2.8918 trillion won in orders this month. On the 1st, the company won an order for three very large gas carriers from an Oceania-based shipowner, and on the 3rd it secured an order for six 13,650-TEU LNG dual-fuel container ships from Taiwan's Yang Ming Marine Transport for 1.5527 trillion won.
Hanwha Ocean's orders so far this year total 41 vessels worth $7.71 billion. They include 18 very large crude carriers, eight LNG carriers, six container ships, three very large ammonia carriers, three VLGCs and one wind turbine installation vessel.
While orders are running strong, prolonged labor negotiations and continuing partial strikes are weighing on the company. The Hanwha Ocean union staged a seven-hour walkout by all members on the 14th and escalated its action on the 18th by halting all four Goliath cranes, a core piece of equipment for shipbuilding, drawing attention to talks set to resume on the 29th.
