Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses that Hanwha Ocean signed a construction contract for one LNG Carrier (LNGC) worth approximately KRW 346.6B with its affiliate, Hanwha Philly Shipyard, Inc.
📊 Key Filing Details & Key Figures Summary
1. Key Contract Details
- Contract Type: Construction Contract
- Contract Title: 1 LNGC
- Contract Amount: KRW 346,600,000,000 (Approx. USD 250.02M)
- Recent Revenue: KRW 10,776,000,000,000 (Based on consolidated financial statements as of year-end 2024)
- Ratio to Recent Revenue: 3.2%
- Large Corporation Status: Applicable
2. Counterparty & Terms
- Counterparty: Hanwha Philly Shipyard, Inc. (Relationship: Affiliate)
- Sales/Supply Region: Americas
- Contract Period: August 26, 2025 ~ February 29, 2028
- Key Terms: Down payment/Advance payment included; Payments collected according to construction progress
- Contract Date: August 26, 2025
3. Other Key Reference Information
- Applicable Foreign Exchange Rate: KRW/USD = 1,386.30 (Base rate as of August 26, 2025)
- Contract amount and recent revenue figures are rounded at the 100-million KRW level
- Contract period and final settlement amount are subject to change during the construction process
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Payment Collection Based on Construction Progress and Potential Contract Term Adjustments
This disclosure reports a construction contract for one LNGC with affiliate Hanwha Philly Shipyard, Inc. Monitoring whether payments are collected according to construction progress throughout the agreed contract period (August 26, 2025 to February 29, 2028), as well as tracking any potential changes to the contract period or final settlement amount, is important for determining whether the contract is executed as planned. Relevant contract execution details and subsequent modifications can be reviewed in upcoming Quarterly Reports, Half-Year Reports, Annual Reports, or subsequent disclosures.
📢 Disclaimer & Source Information
Source: This content was structured and newly written based on officially submitted data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
Investment Disclaimer: This content is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial liabilities rest entirely with the investor.
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