Hanwha Taiwan, one of South Korea’s top shipbuilders, secured a $1.4 billion contract from Taiwan’s Yang Ming. The deal includes seven ultralarge container vessels, each with a 15,880 twenty-foot equivalent unit capacity. Taiwan’s rising demand for eco-friendly shipping drives this significant order. Hanwha Taiwan’s expertise in advanced vessel design further enhances South Korea’s global reputation. The contract represents a major milestone in South Korea’s maritime industry.
However, to meet stricter international fuel standards, the vessels will use dual-fuel engines. They can operate on conventional fuel oil and liquefied natural gas. The ships also feature an ammonia-ready design for future conversion to greener fuel. This ensures long-term sustainability for Taiwan shipping companies. Hanwha Taiwan demonstrates South Korea’s leadership in environmentally friendly maritime technology.
Kim Hee-cheol, CEO of Hanwha Ocean, said the contract confirms recognition of South Korea’s shipbuilding expertise. He added that the project advances Hanwha Taiwan’s leadership in eco-friendly vessel design. In addition, the LNG fuel tanks will endure pressures up to 1.0 bar. This allows vaporized gas to remain safely contained during sailing, improving operational safety and reliability. The technology represents one of the highest standards among commercial LNG vessels.
Furthermore, this order follows Hanwha Taiwan’s previous contract from Evergreen, another leading Taiwanese carrier. With both major carriers as clients, Hanwha Taiwan strengthens South Korea’s presence in Asia’s shipping market. Nevertheless, the company now positions itself as a leading provider of ultralarge container vessels with green technology. Analysts see the deal as a strategic step for South Korea’s maritime exports and industrial growth. It highlights the country’s competitive edge in sustainable shipbuilding.
Overall, Hanwha Taiwan combines South Korea’s innovation, safety, and sustainability in shipbuilding. The vessels comply with international fuel regulations and support cleaner shipping. Taiwan shipping companies will benefit from ships ready for future energy standards. This $1.4 billion order highlights South Korea’s expanding influence in global shipbuilding and eco-friendly vessel technology. The project reinforces South Korea’s status as a leader in the green maritime industry.
