Hyundai Samho Heavy Industries announced the signing of a significant contract for the construction of eco-friendly vessels.

order exemplifies the rising demand for LNG carriers, which are considered more environmentally friendly due to their lower emission profiles compared to traditional fuel. This strategic move by Hyundai Samho Heavy Industries reflects its long-term vision of meeting the ecological and economical needs of the shipping industry. Olympic Subsea ASA has announced an ambitious expansion of its fleet, reinforcing its commitment to sustainability in the maritime industry. The company will introduce two construction vessels that claim to be the most energy-efficient of their kind globally, furthering their efforts towards sustainable operations. These vessels, featuring the UT7623 SEV (Sustainable Energy Vessel) design, have been crafted in collaboration with Kongsberg Maritime and will surpass the requirements of the Paris Agreement by a significant margin. The business impact is notable, generating approximately NOK 1 billion in contracts for Norwegian businesses, with NOK 700 million favoring the maritime sector in Northwestern Norway. The vessels will be constructed at the CMHI shipyard in Shenzhen, known for its advanced offshore vessel production. Slated for delivery in the summer of 2027, they will support both renewable energy and oil & gas sectors, offering versatility and flexibility. Olympic Subsea ASA's majority owner, Stig Remøy, emphasized the vessels' role in the growing energy transition, asserting Olympic’s leadership in environmentally-friendly maritime practices. This expansion is anticipated to significantly boost the company’s financial performance, with projected fleet revenue for 2024 reaching NOK 1.6 billion, a significant increase from 2023. The company's strategic forward-thinking and investment in eco-friendly technology underscore its role as a leader in the transition to sustainable maritime solutions, aligning with rising global expectations for environmental responsibility.