Hanwha Shipping, the American subsidiary of Hanwha Ocean, ordered a liquefied natural gas vessel from its affiliate Hanwha Philly Shipyard, marking the first US LNG ordered ship since the late 1970s,

Hanwha Philly Shipyard, which has just been taken over by South Korea’s Hanwha Group, has landed a contract to build one firm LNG carrier.

One of South Korea’s major shipbuilders, Hanwha Ocean Co., is set to construct a liquefied natural gas (LNG) carrier in collaboration with its U.S.-based affiliate, Hanwha Philly Shipyard, marking a rare joint shipbuilding initiative targeting the American market.

Hanwha Philly Shipyard, a U.S.-based shipyard recently acquired by South Korea's Hanwha Ocean Co., has secured a 348 billion-won (US$251.2 million) contract for a liquefied natural gas (LNG) carrier under its new ownership,