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,

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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,