Fact Source: Financial Supervisory Service DART / KOSCOM
💡 3-Second Summary
This filing discloses an amendment to Hanwha Ocean’s contract to construct six ultra-large container vessels for an African shipowner, extending the contract completion date from June 30, 2024, to November 25, 2024.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Sales and Supply Contract (Amendment)
- Initial Submission Date: June 29, 2021
- Reason for Amendment: Change in contract completion date
- Key Revision:
- Contract Period (End Date): (Before) June 30, 2024 → (After) November 25, 2024
[Detailed Terms of Contract]
- Contract Classification: Construction Contract
- Contract Title: 6 Ultra-Large Container Vessels
- Contract Amount: KRW 888,100,000,000 (Applied exchange rate of USD 1 = KRW 1,129.90 as of June 29, 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: 12.6%
- Counterparty: African Shipowner (Relationship: None)
- Supply Region: Africa
- Revised Contract Period: June 29, 2021 – November 25, 2024
- Order Date: June 29, 2021
- Disclosure Deferral Details: None
- Other Material Notes: Contract period and final settlement amount are subject to change during construction.
- Related Disclosures: June 29, 2021 – Sales and Supply Contract / December 5, 2023 – Sales and Supply Contract
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Contract Progress Following Revised Completion Date
This amendment extends the contract completion date for the construction of six ultra-large container vessels to November 25, 2024, making it essential to monitor the progress of the contract under the revised schedule and check for any subsequent disclosures regarding contract terms. Verifying these developments is necessary because it serves as the benchmark to assess the final completion and settlement timeline of major shipbuilding projects. Relevant progress and settlement updates can be confirmed through future regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports) or subsequent official public disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system and KOSCOM.
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