Knutsen Group Expands LNG Carrier Fleet with New Hanwha Ocean Order
Norwegian shipowner Knutsen Group has reportedly placed an order for an additional LNG carrier with South Korea's Hanwha Ocean. This new acquisition further strengthens Knutsen's substantial orderbook for LNG vessels, indicating continued investment in the liquefied natural gas…
Norwegian shipping company Knutsen Group has reportedly finalized an agreement for another Liquefied Natural Gas (LNG) carrier, to be constructed by South Korean shipbuilder Hanwha Ocean. This latest contract is valued at approximately KRW 363.2 billion (equivalent to $250.3 million) for a single vessel. The order was disclosed by Hanwha Ocean, which identified the client only as a "shipping company in Europe," though market intelligence points to Knutsen Group as the buyer.
This new order significantly contributes to Knutsen Group's already extensive backlog of LNG carrier newbuilds, which is recognized as one of the largest in the industry with long-term charter backing. The continuous expansion of their LNG fleet underscores a strategic focus on this segment of maritime transport.