Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Ocean secured a major contract worth KRW 1.0707T (9.9% of recent annual revenue) to construct four container ships for HMM. (Definitive disclosure confirming the rumor clarification dated Nov 14, 2025)
📊 [Key Disclosure Details & Financial Summary]
1. Contract Overview
- Contract Type: Construction Order
- Contract Name: 4 Container Ships
2. Financial Details & Scale
- Contract Amount: KRW 1,070,700,000,000 (KRW 1.0707T / approx. USD 732.0M equivalent)
- Applied FX Rate: USD/KRW = 1,462.70 (Base rate on 2025-11-27, rounded at 100M KRW)
- Recent Revenue: KRW 10,776,000,000,000 (KRW 10.776T, FY2024 consolidated basis)
- Ratio to Revenue: 9.9%
- Contracting Party & Relationship: HMM (No special relationship)
- Sales/Supply Region: Asia Region
3. Contract Terms & Schedule
- Contract Period: 2025-11-27 ~ 2029-02-28
- Contract Date: 2025-11-27
- Key Terms: Down payment/advance payment included / Payment collected according to construction progress
- Additional Notes: Final definitive disclosure confirming the ‘Clarification on Rumors or News Reports (Unconfirmed)’ filed on November 14, 2025
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Vessel Construction Progress and Revenue Recognition
This filing provides definitive confirmation that Hanwha Ocean entered into a KRW 1.0707T contract with HMM to build four container ships.
Verifying that payments are collected according to progress and that construction proceeds as scheduled over the contract period (November 27, 2025 – February 28, 2029) is important for evaluating whether revenue from this order is recognized as planned.
Progress regarding order backlog and construction status can be tracked through future official periodic filings, such as Quarterly, Semi-Annual, and Annual Reports.
📢 Disclaimer & Source Notice
Source: This content was newly structured and generated based on official filing data from the Financial Supervisory Service DART system.
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