Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has signed a contract with an Asian shipowner for the construction of four Very Large Crude Carriers (VLCCs) valued at approximately KRW 800.1B, representing 6.3% of its recent annual revenue. The contract is scheduled to become effective by June 30, 2026, upon fulfillment of precedent conditions.
📊 [Key Disclosure Details & Financial Figures]
- Contract Title: 4 VLCCs
- Contract Type: Construction Order
- Contract Amount: KRW 800,100,000,000 (Approx. KRW 800.1B)
- Recent Annual Revenue: KRW 12,783,500,000,000 (Based on end-2025 consolidated financial statements, rounded to nearest 100M KRW)
- Ratio to Revenue: 6.3%
- Counterparty: Asian Shipowner
- Location: Asia
- Contract Period: June 12, 2026 ~ February 22, 2030
- Key Conditions:
- Down Payment / Advance Payment: Yes
- Payment Terms: Collection based on construction progress
- Contract (Order) Date: June 12, 2026
- Other Remarks:
- Contract amount calculated using the standard exchange rate on June 12, 2026 (1 USD = 1,527.00 KRW)
- Contract period and final settlement amount are subject to change during construction
- Contract is scheduled to become effective by June 30, 2026, upon fulfillment of precedent conditions agreed upon by the parties (correction disclosure will be filed if it does not become effective)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Contract Effective Status and Future Construction Progress and Term Changes
Checking whether the contract officially enters into force by June 30, 2026, upon fulfillment of precedent conditions alongside subsequent construction progress is important because it allows investors to verify the final legal effectiveness of the agreement and track potential adjustments to the contract period or settlement amount. Investors can verify further details through subsequent correction disclosures and periodic reports (Quarterly, Half-Yearly, and Annual Reports).
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Source: This content was structured and newly generated based on official submission data from the Financial Supervisory Service DART system.
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