Hanwha Ocean faces mounting costs from blocked fleet delivery to Russia (opens original article in a new tab)

Hanwha Ocean faces mounting costs from blocked fleet delivery to Russia. The company is saddled with hundreds of millions of dollars in financial burden as six icebreaking LNG carriers remain undelivered at a domestic shipyard due to sanctions on Russia’s Arctic project.

• Hanwha Ocean faces financial burden due to blocked fleet delivery to Russia.
• Six icebreaking LNG carriers remain undelivered at a domestic shipyard.
• Sanctions on Russia’s Arctic project caused the delivery blockage.