Shyam Paliwal’s Post

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Entrepreneur | LNG Master Mariner | Newspaper Columnist | Aircraft Pilot | Restaurateur & Beer Aficionado

Hanwha Ocean Secures Major LNG Vessel Order Worth $413.6 Million I’m excited to see South Korea continue leading in shipbuilding innovation with Hanwha Ocean's latest achievement. The major shipbuilder has recently won a 545.4 billion-won contract (equivalent to USD $413.6 million) to build a floating liquefied natural gas (LNG) vessel. This vessel, scheduled for delivery by October 2027, is a Floating Storage and Regasification Unit (FSRU), designed to transport and convert LNG into a usable form simultaneously. This technology offers a faster, more efficient, and cost-effective supply of natural gas, particularly for smaller markets where conventional land-based infrastructure is not feasible. With this order, Hanwha Ocean solidifies its role in the global LNG market, serving an undisclosed Asian client. The rise of FSRUs marks an important shift in how we handle natural gas transport and distribution, offering scalable solutions that meet growing energy demands while maximizing flexibility. This is another strong step forward in the evolution of sustainable, efficient LNG supply chains, and I look forward to seeing the results of this collaboration. #LNG #FSRU #HanwhaOcean #EnergySolutions #SustainableTechnology #Innovation #Shipbuilding #NaturalGas #EnergyTransformation #AsiaMarket

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Amrat Panwar

Founder @ Shipivishtamaritime | Crew Management & Technical Management For Shipping Vessels | Specialized in Financial, Safety & Compliance For Efficient Maritime Operations

3mo

Shyam Paliwal Congrats to Hanwha Ocean on this big achievement! FSRUs are a great solution for making LNG more flexible and easier to supply, especially for areas without big infrastructure. It’s exciting to see how this technology can help meet energy needs more efficiently.

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