Source: Financial Supervisory Service Dart System / 2025-10-10
Disclosure Type: Single Sales/Supply Contract (Correction)
💡 3-Second Summary
Hanwha Ocean has filed a correction disclosure to shorten the contract end date from the originally planned September 30, 2026, to May 13, 2026, for its KRW 163 Billion contract to construct one Very Large LPG/AMMONIA carrier for an Oceania shipowner.
📊 1. [Key Disclosure Details & Major Figures Summary]
- Subject of Correction Filing: Single Sales/Supply Contract disclosure originally filed on 2023-11-27
- Reason for Correction: Change in the contract end date
- Details of Contract Period Correction:
- Before Correction: 2023-11-24 ~ 2026-09-30
- After Correction: 2023-11-24 ~ 2026-05-13
- Contract Classification: Construction contract for one Very Large LPG/AMMONIA carrier
- Contract Amount: KRW 163,000,000,000 (KRW 163 Billion)
- Ratio to Recent Revenue: 3.4% of Hanwha Ocean’s total revenue of KRW 4.86 Trillion (Based on consolidated financial statements as of year-end 2022, rounded to the nearest hundred million KRW)
- Contract Partner & Supply Region: Undisclosed shipowner in Oceania / Oceania region
- Key Terms of Contract: Downpayment/Advance payment exists / Collection terms based on construction progress
- Date of Contract (Order Date) & Correction Date: 2023-11-24 (Order date) / 2025-10-02 (Date of correction decision)
Conversion Base: The contract amount was calculated by applying the trading standard exchange rate of 1 USD = 1,298.70 KRW on the contract date (2023-11-24). The contract period and final settlement amount are subject to future changes during the construction process.
📈 2. [Expert’s Perspective: What This Disclosure Means for Investors]
- Acceleration of Scheduled Contract Completion: The amendment formally adjusts the scheduled end date of construction from September 30, 2026, to May 13, 2026, bringing the completion forward by approximately 4.5 months.
- Maintenance of Principal Terms and Valuation: Outside of the timeframe shift, all major variables of the filing—including the contract value of KRW 163 Billion, contract partner, and payment conditions—remain completely unchanged.
- Potential for Future Modifications: As officially indicated in the notes of the filing, both the corrected contract timeframe and the final settlement amount remain subject to further modifications depending on future project execution details.
📝 Editor’s Comment (by K-STOCK Editor)
This disclosure addresses a technical adjustment in the delivery timeline of Hanwha Ocean’s KRW 163 Billion contract for one Very Large LPG/AMMONIA carrier, bringing the final completion schedule forward by approximately 4.5 months. No other core elements of the agreement, such as the total valuation or partner specifications, were modified in this update.
Going forward, investors should monitor two objective checkpoints. First is whether the execution of the contract progresses seamlessly to meet the newly scheduled completion deadline of May 13, 2026, without further timing changes. Second is the tracking of the final settled transaction value. Since the filing notes that the final settlement amount may undergo changes during the execution phase, it is necessary to cross-reference subsequent periodic reports and filings to determine if any modifications to the final contract value occur upon completion.
📢 Disclaimer & Source Information
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).
Investment Risk Advisory: This material is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest solely with the individual investor.
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