Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean amended its KRW 526.3B contract for 2 LNG carriers, updating the counterparty and supply region from ‘Oceania-based shipowner’ to ‘Oceania and Asia-based shipowners’.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: (Correction) Single Sales/Supply Contract
- Amendment Date: 2024-03-18 (Filing Date: 2024-03-21)
- Initial Disclosure Date: 2022-04-15
- Reason for Correction: Modification of counterparty and supply region
[Details of Revision]
- Counterparty:
- Before Correction: Oceania-based shipowner
- After Correction: Oceania and Asia-based shipowners
- Supply Region:
- Before Correction: Oceania
- After Correction: Oceania and Asia
[Contract Details]
- Contract Type: Construction Contract (2 LNG Carriers)
- Contract Amount: KRW 526.3B (KRW 526,300,000,000)
- Recent Annual Revenue: KRW 4.49T (KRW 4,486,600,000,000, based on FY2021 consolidated financial statements)
- Contract Value to Revenue Ratio: 11.73% (approx. 11.7%)
- Counterparty: Oceania and Asia-based shipowners
- Supply Region: Oceania and Asia
- Contract Period: 2022-04-14 ~ 2026-03-31
- Order Date: 2022-04-14
[Other Key Information]
- The contract value was calculated applying the FX rate as of April 14, 2022 (USD 1 = KRW 1,227.70).
- The contract period and final settlement amount are subject to change during construction.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Reflection of Counterparty Revisions and Final Contract Execution
This disclosure correction reflects changes in the counterparty and delivery region for the 2 LNG carrier orders, expanding from Oceania to include Asia-based shipowners. Verifying that vessel construction and delivery proceed without disruption under the revised contract terms through the scheduled completion date of March 31, 2026, is important for determining whether the order is properly finalized. Progress can be monitored 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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