Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses an amendment to Hanwha Ocean’s shipbuilding contract for four Very Large LNG Carriers awarded by an Asian shipowner, extending the contract completion date from October 31, 2024, to March 10, 2025.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Sales and Supply Contract (Amendment)
- Related Filing Submission Date: September 14, 2021
- Reason for Amendment: Change in contract end date
- Key Revisions:
- Contract End Date: (Before) October 31, 2024 → (After) March 10, 2025
[Detailed Contract Terms]
- Contract Classification: Construction Contract
- Contract Title: 4 Very Large LNG Carriers
- Contract Amount: KRW 990,000,000,000 (Applied exchange rate of USD 1 = KRW 1,170.40 as of September 13, 2021; rounded to the nearest hundred million KRW)
- Recent Annual Revenue: KRW 7,030,200,000,000 (Based on FY2020 consolidated financial statements; rounded to the nearest hundred million KRW)
- Contract-to-Revenue Ratio: 14.1%
- Counterparty: Asian Shipowner (Relationship: None)
- Supply Region: Asia
- Contract Period: September 13, 2021 – March 10, 2025
- Order Date: September 13, 2021
- 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)
📌 Contract Completion by Revised Deadline and Monitoring Further Adjustments
This amendment extends the contract end date for four Very Large LNG Carriers, making it essential to monitor whether the contract is fulfilled as scheduled by the revised deadline (March 10, 2025) and whether further amendments occur regarding the contract period or final settlement amount. Verification of these factors is necessary to evaluate the final project execution and any potential adjustments during construction. Relevant updates can be verified through future regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports) or subsequent official public disclosures.
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