Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Ocean updated the contracting party and supply region for its KRW 339.6B LNG carrier construction contract signed in April 2023 from Oceania to Europe.
📊 [Key Disclosure Details & Financial Summary]
1. Correction Disclosure Overview
- Target Disclosure: Sales and Supply Contract (Initial Filing Date: 2023-04-07)
- Reason for Correction: Change of contracting party and sales/supply region
- Corrected Items:
- Contracting Party: (Before) Oceania region shipowner → (After) Europe region shipowner
- Sales/Supply Region: (Before) Oceania region → (After) Europe region
2. Contract Details
- Contract Type & Name: Construction Order / 1 LNG Carrier
- Contract Amount: KRW 339,600,000,000
- Applied FX Rate: USD/KRW = 1,318.70 (Base rate on contract date 2023-04-07, rounded at 100M KRW)
- Ratio to Recent Revenue: 7.0% (Recent Revenue: KRW 4,860,200,000,000 based on 2022 year-end consolidated statement)
- Contracting Party & Supply Region: Europe region shipowner / Europe region
- Contract Period: 2023-04-07 ~ 2027-08-31
- Major Terms: Down payment/advance payment included / Payment terms based on construction progress
- Contract Date: 2023-04-07
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Contract Progress Following Change in Contracting Party
This filing reports a correction in the contracting party and supply region for the 1 LNG carrier contract originally awarded in April 2023, shifting from an Oceania shipowner to a European shipowner.
Verifying that major contract conditions, such as the contract value and the scheduled completion date (August 31, 2027), remain on track despite the counterparty change is important for evaluating whether revenue recognition from the order progresses as planned.
The ongoing construction status and changes in order backlog can be tracked through future official periodic filings, such as Quarterly, Semi-Annual, and Annual Reports, or subsequent amended disclosures.
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Source: This content was newly structured and generated based on official filing data from the Financial Supervisory Service DART system.
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