Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has signed a contract with an African shipowner for the construction of two Liquefied Natural Gas Carriers (LNGCs) valued at approximately KRW 756.3B, representing 7.0% of its recent annual revenue.
📊 [Key Disclosure Details & Financial Figures]
- 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
- Relationship with Company: –
- Location: Africa
- Contract Period: May 29, 2026 ~ May 15, 2029
- Start date reflects expected effective date; scheduled to enter into force within May 2026 upon fulfillment of conditions precedent
- Key Conditions:
- Down Payment / Advance Payment: Yes
- Payment Terms: 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 scheduled to enter into force within May 2026 upon fulfillment of conditions precedent; a correction disclosure will be filed if it fails to take effect
- Contract period and final settlement amount are subject to change during construction
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Entry into Force Upon Fulfillment of Conditions Precedent and Construction Progress
Checking whether the contract enters into force within May 2026 upon fulfillment of conditions precedent alongside subsequent construction progress is important because it allows investors to verify official contract effectiveness and track potential adjustments to the contract period or final settlement amount. 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.
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