Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has signed a contract worth KRW 732.2B with its affiliate Hanwha Shipping LLC to build two LNG carriers (LNGC).
📊 [Key Disclosure Details & Financial Highlights]
- Contract Classification: Construction Order
- Contract Name: 2 LNG Carriers (LNGC)
- Contract Value: KRW 732,200,000,000 (approx. KRW 732.2B / USD 506M)
- Recent Annual Revenue: KRW 7,408,300,000,000 (approx. KRW 7.41T, based on FY2023 consolidated financials)
- Contract Value to Revenue Ratio: 9.9%
- Counterparty: Hanwha Shipping LLC (Relationship: Affiliated Company)
- Sales / Supply Region: Oceania
- Contract Period: February 7, 2025 – September 30, 2027
- Key Payment Terms:
- Advance Payment: Yes
- Payment Schedule: 1st Installment (10%), 2nd Installment (10%), 3rd Installment (10%), 4th Installment (10%), Remaining Balance (60%)
- Contract Date: February 7, 2025
- Other Key Information:
- Contract value converted to KRW applying the exchange rate of 1 USD = KRW 1,447.10 as of February 7, 2025, rounded to the nearest 100 million KRW.
- Contract period and final settlement amount may change during the progress of construction.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Potential Changes in Contract Period and Final Settlement Amount
This disclosure specifies that the contract period and final settlement amount are subject to potential changes during construction. Tracking whether the initially disclosed terms remain unchanged or whether any subsequent amendments or adjustments occur is essential for understanding the actual progress of the original contract conditions. Details regarding construction progress and any future disclosures of contract modifications can be verified under the ‘Major Sales and Supply Contracts’ section in upcoming Quarterly, Half-Yearly, and Annual Reports.
📢 Disclaimer & Fact Source
Source: This content was structured and newly written based on officially submitted data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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