Seoul: Hanwha Ocean Co., the shipbuilding arm of South Korea's chemical-to-defense conglomerate Hanwha Group, announced it has secured a 1.07 trillion-won (US$729.8 million) order to build four container ships for HMM, South Korea's leading shipping company.

According to Yonhap News Agency, the four container vessels are scheduled for delivery to HMM by February 2029, as stated in a regulatory filing by Hanwha Ocean. This significant order follows HMM's recent strategic moves, including combined 2.1 trillion-won deals for eight container vessels from HD Korea Shipbuilding and Offshore Engineering. These actions are part of HMM's broader strategy to expand its fleet with eco-friendly vessels.

The latest contract contributes to Hanwha Ocean's impressive achievement of securing $7.7 billion worth of vessel orders so far this year, underscoring the company's strong position in the global shipbuilding industry.