Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a correction disclosure regarding its contract for 4 Very Large Crude Carriers (VLCCs) worth approximately KRW 800.1B (6.3% of revenue) with an Asian shipowner, updating the contract start date following the agreement becoming effective on June 19, 2026.
📊 [Key Disclosure Details & Financial Figures]
- Key Correction Details:
- Corrected Item: Contract Period Start Date & Contract Effective Status
- Before: Start Date June 12, 2026 (Scheduled to enter into force by June 30, 2026, upon fulfillment of conditions)
- After: Start Date June 19, 2026 (Entered into force on June 19, 2026, upon mutual agreement)
- Contract Overview (Construction of 4 VLCCs):
- Contract Title: 4 VLCCs
- Contract Type: Construction Order
- Contract Amount: KRW 800,100,000,000 (Approx. KRW 800.1B)
- Recent Annual Revenue: KRW 12,783,500,000,000 (Based on end-2025 consolidated financial statements, rounded to nearest 100M KRW)
- Ratio to Revenue: 6.3%
- Counterparty: Asian Shipowner
- Location: Asia
- Corrected Contract Period: June 19, 2026 ~ February 22, 2030
- Key Conditions: Down payment/advance payment included; collection based on construction progress
- Contract (Order) Date: June 12, 2026
- Other Remarks:
- Contract amount calculated using the standard exchange rate on June 12, 2026 (1 USD = 1,527.00 KRW)
- Contract period and final settlement amount are subject to change during construction
- Related Disclosure: 2026-06-12 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.
Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any security. All investment decisions and financial liabilities rest entirely with the individual investor.
Contact: For regulatory compliance inquiries or copyright concerns, please contact ksb220805@gmail.com.
