Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a correction disclosure regarding its contract for two Liquefied Natural Gas Carriers (LNGCs) worth approximately KRW 756.3B (7.0% of revenue) with an African shipowner, updating the contract start date following the agreement becoming effective on May 15, 2026.
📊 [Key Disclosure Details & Financial Figures]
- Key Correction Details:
- Corrected Item: Contract Period Start Date & Contract Effective Status
- Before: Start Date May 29, 2026 (Scheduled to enter into force within May 2026 upon fulfillment of conditions)
- After: Start Date May 15, 2026 (Entered into force on May 15, 2026, upon mutual agreement)
- Reason for Correction: Change in contract period start date
- Contract Overview (Construction of 2 LNGCs):
- Contract Title: 2 LNGCs
- Contract Type: Construction Order
- Contract Amount: KRW 756,300,000,000 (Approx. KRW 756.3B)
- Recent Annual Revenue: KRW 10,776,000,000,000 (Based on end-2024 consolidated financial statements, rounded to nearest 100M KRW)
- Ratio to Revenue: 7.0%
- Counterparty: African Shipowner
- Location: Africa
- Corrected Contract Period: May 15, 2026 ~ May 15, 2029
- Key Conditions: Down payment/advance payment included; collection based on construction progress
- Contract (Order) Date: March 24, 2026
- Other Remarks:
- Contract amount calculated using the standard exchange rate on March 24, 2026 (1 USD = 1,509.60 KRW)
- Contract period and final settlement amount are subject to change during construction
- Related Disclosure: 2026-03-25 Execution of Sales / Supply Contract
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Construction Progress and Potential Adjustments to Contract Terms
Checking the adjustment to the contract start date following its entry into force alongside subsequent construction progress is important because it allows investors to track potential adjustments to the contract period or final settlement amount during the construction process. Investors can verify further details through subsequent correction disclosures and periodic reports (Quarterly, Half-Yearly, and Annual Reports).
📢 Disclaimer and Source Notice
Source: This content was structured and newly generated based on official submission data from the Financial Supervisory Service DART system.
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