Hanwha Ocean Co Ltd has secured a $265 million order for two Very Large Crude Carriers (VLCCs), signaling sustained demand in the tanker market.
The deal, identified by Handelsavisen Monitor, links the shipbuilder to a new customer entity, reinforcing the company's position in the large crude carrier segment.
The order adds to Hanwha Ocean's backlog at a time when shipping companies are continuing to invest in new tonnage to replace aging fleets and meet evolving environmental regulations.
The firm's ability to win such contracts highlights its competitive standing in the global shipbuilding industry, particularly in the high-value tanker segment.
Handelsavisen's own analysis assigns Hanwha Ocean a composite score of 84.8/100, reflecting strong fundamentals and a robust order book.
The company's focus on high-margin vessels like VLCCs and LNG carriers has been a key driver of its recent performance, insulating it somewhat from volatility in other shipbuilding segments.