Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing is a confirmed disclosure that Hanwha Ocean signed a construction contract for two Very Large Crude Carriers (VLCCs) worth approximately KRW 371.0B with an Oceanian shipowner.
📊 Key Filing Details & Key Figures Summary
1. Key Contract Details
- Contract Type: Construction Contract
- Contract Title: 2 VLCCs
- Contract Amount: KRW 371,000,000,000 (Approx. USD 259.40M)
- Recent Revenue: KRW 10,776,000,000,000 (Based on consolidated financial statements as of year-end 2024)
- Ratio to Recent Revenue: 3.4%
- Large Corporation Status: Applicable
2. Counterparty & Terms
- Counterparty: Oceanian Shipowner (Relationship: None)
- Sales/Supply Region: Oceania
- Contract Period: April 25, 2025 ~ July 30, 2027
- Key Terms: Down payment/Advance payment included; Payments collected according to construction progress
- Contract Date: April 25, 2025
3. Other Key Reference Information
- Applicable Foreign Exchange Rate: KRW/USD = 1,430.20 (Base rate as of April 25, 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 construction
- Confirmed disclosure following the ‘Clarification on Rumors or Reports (Unconfirmed)’ filed on April 24, 2025
- Related Disclosure: Clarification on Rumors or Reports dated April 24, 2025
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Payment Collection Based on Construction Progress and Potential Contract Term Adjustments
This disclosure serves as the confirmed filing for the construction contract of two VLCCs with an Oceanian client. Monitoring whether payments are collected according to construction progress throughout the agreed contract period (April 25, 2025 to July 30, 2027), 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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