# Dongsung Finetec signs LOI with Hanwha Ocean for LNG carrier insulation supply

Dongsung Finetec signed a letter of intent with Hanwha Ocean to supply NO96 LO3+ type insulation for LNG carriers, valued at 90 billion KRW, with delivery by 2027.

- Type: Contract
- Announced: 2024-02-22
- Where: South Korea
- Value: $67.5M (90.0B KRW)
- Status: announced
- Products: NO96 LO3+ type insulation for LNG carriers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Dongsung Finetec](https://endata.com/companies/2249.md) (supplier)
- [Hanwha Ocean](https://endata.com/companies/3338.md) (customer)

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/business/10948607), 2024-02-22: "동성화인텍은 한화오션과 900억원 규모 LNG 운반선 보냉재 공급의향서(LOI)를 체결했다고 22일 밝혔다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.