Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has signed a contract with an Oceanian shipowner for the construction of three Very Large Crude Carriers (VLCCs) valued at approximately KRW 588.7B, representing 5.5% of its recent annual revenue.
📊 [Key Disclosure Details & Financial Figures]
- Contract Title: 3 VLCCs
- Contract Type: Construction Order
- Contract Amount: KRW 588,700,000,000 (Approx. KRW 588.7B)
- Recent Annual Revenue: KRW 10,776,000,000,000 (Based on end-2024 consolidated financial statements, rounded to nearest 100M KRW)
- Ratio to Revenue: 5.5%
- Counterparty: Oceanian Shipowner
- Relationship with Company: –
- Location: Oceania
- Contract Period: March 24, 2026 ~ June 29, 2029
- Key Conditions:
- Down Payment / Advance Payment: Yes
- Payment Terms: Collection based on construction progress
- Contract (Order) Date: March 24, 2026
- Other Remarks:
- Contract amount calculated using the standard exchange rate on March 24, 2026 (1 USD = 1,509.60 KRW)
- Contract period and final settlement amount are subject to change during construction
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Construction Progress and Potential Adjustments to Contract Terms
Checking subsequent construction progress and periodic filings is important because it allows investors to track potential adjustments to the contract period or final settlement amount during the construction process. Investors can verify further details through subsequent correction disclosures and periodic reports (Quarterly, Half-Yearly, and Annual Reports).
📢 Disclaimer and Source Notice
Source: This content was structured and newly generated based on official submission data from the Financial Supervisory Service DART system.
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