Hanwha Ocean will build eight LNG carriers at its shipyard on Geoje Island, 330 kilometers south of Seoul, for the delivery by January 2028, a company spokesperson said.
The company didn't provide the name of the client.
Hanwha Ocean has bagged $2.35 billion worth of ship orders so far this year. It achieved orders valued at $4.1 billion for the whole of 2023.
The shipbuilder has had an order backlog of $28.1 billion as of December, which will make its shipyard busy over the next three years.
Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co., set sail as the shipbuilding arm of chemical-to-defense industry conglomerate Hanwha Group in May last year.