Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Ocean secured a major contract worth KRW 2.5891T (24.0% of recent annual revenue) to construct seven LNG carriers (LNGC) for a European shipowner.
📊 [Key Disclosure Details & Financial Summary]
1. Contract Overview
- Contract Type: Construction Order
- Contract Name: 7 LNG Carriers (LNGC)
2. Financial Details & Scale
- Contract Amount: KRW 2,589,100,000,000 (KRW 2.5891T / approx. USD 1.751B equivalent)
- Applied FX Rate: USD/KRW = 1,478.60 (Base rate on 2025-12-18, rounded at 100M KRW)
- Recent Revenue: KRW 10,776,000,000,000 (KRW 10.776T, FY2024 consolidated basis)
- Ratio to Revenue: 24.0%
- Contracting Party & Relationship: European Shipowner (No special relationship)
- Sales/Supply Region: Europe Region
3. Contract Terms & Schedule
- Contract Period: 2025-12-18 ~ 2029-06-30
- Contract Date: 2025-12-18
- Key Terms: Down payment/advance payment included / Payment collected according to construction progress
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Vessel Construction Progress and Revenue Recognition of Major Order
This filing discloses that Hanwha Ocean entered into a KRW 2.5891T contract (24.0% of annual revenue) with a European shipowner to build seven LNG carriers.
Verifying that payments are collected according to progress and that construction proceeds as scheduled over the contract period (December 18, 2025 – June 30, 2029) is important for evaluating whether revenue from this large-scale order is recognized as planned.
Progress regarding order backlog and construction status can be tracked through future official periodic filings, such as Quarterly, Semi-Annual, and Annual Reports.
📢 Disclaimer & Source Notice
Source: This content was newly structured and generated based on official filing data from the Financial Supervisory Service DART system.
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