Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a corrected disclosure extending the completion date of its contract for six ultra-large LNG-powered container ships worth KRW 1.12T with a European shipowner from December 31, 2024, to June 16, 2025.
📊 [Key Disclosure Details & Financial Highlights]
- Correction Classification: Corrected Filing (Report)
- Correction Filing Date: December 12, 2024
- Original Disclosure Document & Date: Single Sales or Supply Contract (June 21, 2021)
- Reason for Correction: Change in contract completion date
- Major Corrected Items:
- Contract Period (End Date – Before Correction): December 31, 2024
- Contract Period (End Date – After Correction): June 16, 2025
- Basic Contract Details:
- Contract Classification: Construction Order
- Contract Name: 6 Ultra-Large LNG-Powered Container Ships
- Contract Value: KRW 1,122,500,000,000 (approx. KRW 1.12T / USD 993.8M based on exchange rate 1 USD = KRW 1,129.50 as of June 18, 2021)
- Recent Annual Revenue: KRW 7,030,200,000,000 (approx. KRW 7.03T, based on FY2020 consolidated financials)
- Contract Value to Revenue Ratio: 16.0%
- Counterparty: European Shipowner (Relationship: N/A)
- Sales / Supply Region: Europe
- Contract Period: June 18, 2021 – June 16, 2025
- Key Payment Terms: Advance payment included (1st interim: 20%; 2nd: 10%; 3rd: 20%; 4th: 10%; final balance: 40%)
- Contract Date: June 18, 2021
- Other Important Notes:
- The shipowner retains the right to cancel the contract within a specified timeframe post-effective date, with Hanwha Ocean receiving partial vessel price compensation if exercised
- Contract period and final settlement amount remain subject to potential changes during construction
- Related Disclosure: June 21, 2021 (Single Sales or Supply Contract)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Delivery Progress and Potential Further Revisions Following Extension
This correction disclosure notifies the market that the end date for the contract involving six ultra-large LNG-powered container ships was extended to June 16, 2025. Monitoring whether construction and deliveries are completed within the extended timeframe and tracking potential subsequent correction disclosures regarding contract period or settlement amount adjustments is essential for evaluating the final execution of the original order terms. Related details can be verified in future correction filings and upcoming official regular filings, including Quarterly, Half-Yearly, and Annual Reports.
📢 Disclaimer & Fact Source
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).
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