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Knutsen boosts LNG fleet pipeline with fresh Hanwha Ocean order

1 June 2026

Norwegian shipowner Knutsen Group has firmed up another LNG carrier order at South Korea’s Hanwha Ocean, further expanding one of the industry’s fastest-growing LNG fleets. Hanwha Ocean disclosed on Friday that it had signed a contract worth about $250m for a single 174,000 cu m newbuilding, with de

Norwegian shipping giant Knutsen Group has further solidified its market position by placing a firm order for a 174,000 cu m LNG carrier with Hanwha Ocean. Valued at approximately $250 million, this newbuilding contract underscores the rapid expansion of the Knutsen LNG fleet. As global demand for liquefied natural gas continues to climb, this vessel will integrate advanced propulsion technologies, marking a significant milestone for South Korean shipbuilding and the ongoing modernization of the global gas carrier segment.

The operation of such high-capacity LNG carriers necessitates strict adherence to the International Code for the Construction and Equipment of Ships carrying Liquefied Gases in Bulk (IGC Code) and the International Convention for the Safety of Life at Sea (SOLAS) Chapter II-2 regarding fire protection and detection. Furthermore, compliance with MARPOL Annex VI remains critical, as these vessels must meet stringent Tier III nitrogen oxide emission standards. Classification societies like DNV or Lloyd’s Register will oversee the rigorous technical certification process to ensure operational safety and environmental regulatory alignment.

This expansion directly impacts the career prospects for chief engineers and second engineers specializing in dual-fuel propulsion systems. These officers must prioritize advanced training in boil-off gas management and cryogenic cargo handling systems. As these high-tech vessels enter the fleet, navigating officers and engine room personnel should focus on mastering the latest integrated bridge and automated engine control systems to maintain compliance with evolving international maritime safety standards and efficient vessel operations.

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