Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean signed a contract with an Oceania-based shipowner to construct 2 Very Large Crude Carriers (VLCCs) valued at KRW 342.0B (7.0% of recent annual revenue).
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Single Sales/Supply Contract
- Contract Type: Construction Contract (2 Very Large Crude Carriers)
- Contract Amount: KRW 342.0B (KRW 342,000,000,000)
- Recent Annual Revenue: KRW 4.86T (KRW 4,860,200,000,000, based on FY2022 consolidated financial statements)
- Contract Value to Revenue Ratio: 7.04% (approx. 7.0%)
- Counterparty: Oceania-based shipowner
- Supply Region: Oceania
- Contract Period:
- Start Date: 2024-02-22
- End Date: 2026-11-30
- Order Date: 2024-02-22
[Other Key Information]
- The contract value was calculated applying the FX rate as of February 22, 2024 (USD 1 = KRW 1,335.00).
- The contract period and final settlement amount are subject to change during construction.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Execution of Shipbuilding Contract and Contract Terms Modifications
This disclosure outlines a new order for 2 Very Large Crude Carriers representing 7.0% of Hanwha Ocean’s recent annual revenue. Verifying that construction proceeds without delays through the scheduled end date of November 30, 2026, and monitoring for any subsequent modification filings regarding contract value or period is important for determining whether this order is finalized as planned. Progress can be tracked through subsequent regulatory disclosures or regular periodic reports (Quarterly, Half-Yearly, or Annual Reports).
📢 Disclaimer & Source Information
Source: This content was structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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