Taiwan’s Yang Ming Marine Transport is set to invest up to US$1.22 billion in building six 13,000 TEU LNG dual-fuel containerships at South Korea’s Hanwha Ocean. This move aligns with the company’s long-term fleet modernization strategy and highlights the increasing adoption of LNG as a marine fuel. The investment underscores a broader industry trend where major shipping companies are accelerating
fleet upgrades to meet efficiency and emissions targets. LNG remains a key transitional fuel in the global maritime sector, supporting operational flexibility and regulatory compliance. The strong order book for LNG dual-fuel vessels also reflects confidence in sustained seaborne trade and the availability of LNG bunkering infrastructure. For LNG market participants, Yang Ming’s commitment signals growing demand for LNG bunkering and further integration of LNG within the maritime value chain. This development supports the expansion of LNG as a marine fuel and reinforces its role in the shipping industry’s transition to lower emissions. Yang Ming’s investment contributes to the ongoing shift toward cleaner fuels in shipping, emphasizing the strategic importance of LNG in achieving environmental and operational goals.
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