Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2024-03-21
Disclosure Type: Single Sales / Supply Contract
💡 3-Second Summary
Hanwha Ocean has corrected the amendment date on its disclosure document for two LNG carriers from March 18, 2024, to March 21, 2024, with no changes made to the contract value or execution terms.
📊 1. [Summary of Key Disclosure Content and Major Figures]
- Contract Category & Name: Construction Contract / Two (2) LNG Carriers
- Contract Amount: KRW 526,300,000,000 (Total value remains unchanged)
- Proportion to Recent Sales: 11.7% (Compared to consolidated annual sales of KRW 4,486,600,000,000 at the end of 2021)
- Counterparty: Oceanian and Asian Shipowners
- Contract Period: Start Date 2022-04-14 ~ End Date 2026-03-31 (End date remains unchanged)
- Initial Contract & Disclosure Date: 2022-04-14 (Initial disclosure filed on 2022-04-15)
- Correction Details: Modification of the disclosure amendment date (Prior to correction: 2024-03-18 → Post-correction: 2024-03-21)
- Other Investment Considerations:
- The contract value was calculated by applying the base trading exchange rate of 1 USD = 1,227.70 KRW as of the initial contract date (2022-04-14).
- The official filing explicitly notes that the contract period and the final settlement amount could be modified during the course of the construction process.
📈 2. [Expert View: Significance of This Disclosure for Investors]
This filing represents a strictly administrative adjustment intended to resolve a minor reporting amendment date error on Hanwha Ocean’s large-scale LNG carrier project originally secured in April 2022. Because the amendment reason is strictly limited to correcting the formal disclosure amendment date, no structural shifts occurred within core parameters such as the total contract value (KRW 526.3B) or the contract completion timeline (March 31, 2026).
The official document contains no qualitative remarks or quantitative updates concerning performance indicators, additional operational expenditure, or changes to delivery schedules. Therefore, it is appropriate to interpret this update purely as a routine administrative correction rather than a shifting fundamental factor or an indicator of material financial risks.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Ocean’s recent disclosure serves entirely to align formal reporting schedules, altering the specified amendment date on the document from March 18, 2024, to March 21, 2024. Given that it brings no modifications to the financial variables or structural execution timelines, this adjustment has no substantial economic relevance for market analysis and cannot be leveraged as a positive or negative price driver.
The relevant focal point for long-term observation remains the baseline statement that contract durations and final settlement statements remain subject to change. Since the underlying contract value reflects a historical currency calculation from 2022 (1 USD = 1,227.70 KRW), keeping track of future financial disclosure modifications closer to the targeted completion in March 2026 provides a reliable standard for factual validation.
📢 Disclaimer & Source Information
Source: This content has been structured and newly written based on official data submitted to the Financial Supervisory Service Electronic Disclosure System (DART).
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