Fact Source: Financial Supervisory Service DART / KOSCOM
💡 3-Second Summary
This filing discloses Hanwha Ocean’s contract win valued at KRW 719.6B to construct four Very Large Crude Carriers (VLCC) for a Middle Eastern shipowner.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Sales and Supply Contract
- Contract Classification: Construction Contract
- Contract Title: 4 VLCCs
- Contract Amount: KRW 719,600,000,000 (Applied exchange rate of USD 1 = KRW 1,389.20 as of June 28, 2024; rounded to the nearest hundred million KRW)
- Recent Annual Revenue: KRW 7,408,300,000,000 (Based on FY2023 consolidated financial statements; rounded to the nearest hundred million KRW)
- Contract-to-Revenue Ratio: 9.7%
- Counterparty: Middle Eastern Shipowner (Relationship: None)
- Supply Region: Middle East
- Contract Period: June 28, 2024 – April 30, 2027
- Order Date: June 28, 2024
- Disclosure Deferral Details: None
- Other Material Notes: Contract period and final settlement amount are subject to change during construction.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Project Execution and Contract Amendments
This filing represents an order for four VLCCs from a Middle Eastern shipowner, making it essential to monitor whether construction proceeds as scheduled over the contract period (June 28, 2024 – April 30, 2027) and check whether any future amendments occur regarding the contract period or final settlement amount. Verification of these factors is necessary to evaluate the operational progress of the contract and track any subsequent adjustments to terms. Relevant project progress and contract updates can be confirmed through future regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports) or subsequent official public disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system and KOSCOM.
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