Marasi News · Oil & Gas

JP Morgan doubles down on VLCCs with fresh Hanwha deal

US banking giant JP Morgan has signed up for another two VLCC newbuildings at South Korea’s Hanwha Ocean, lifting its growing crude tanker orderbook to 12 vessels across yards in China and South Korea. Shipbuilding

Adis Ajdin·November 2, 2026·2 min
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JP Morgan doubles down on VLCCs with fresh Hanwha deal

US banking giant JP Morgan has signed up for another two VLCC newbuildings at South Korea’s Hanwha Ocean, lifting its growing crude tanker orderbook to 12 vessels across yards in China and South Korea. Shipbuilding sources have tied the latest deal to the Wall Street lender’s maritime investment arm after Hanwha disclosed a KRW356.8bn ($267m) …

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