Source: Financial Supervisory Service Dart System / 2025-09-05
Disclosure Type: Single Sales/Supply Contract
💡 3-Second Summary
Hanwha Ocean has signed a KRW 351.2 Billion contract to construct one Liquefied Natural Gas Carrier (LNGC) for a North American shipowner, with the contract period running from September 4, 2025, to March 31, 2028.
📊 1. [Key Disclosure Details & Major Figures Summary]
- Contract Classification: Shipbuilding Contract (Contract Name: One LNGC)
- Contract Details and Scale:
- Contract Amount: KRW 351,200,000,000 (KRW 351.2 Billion)
- Ratio to Recent Revenue: 3.3% of Hanwha Ocean’s total revenue of KRW 10.78 Trillion (Based on consolidated financial statements as of year-end 2024, rounded to the nearest hundred million KRW)
- Contract Partner & Supply Region: Undisclosed shipowner in North America / North America region
- Contract Period: Start date: 2025-09-04, End date: 2028-03-31
- Key Terms of Contract:
- Downpayment/Advance payment exists (Yes)
- Collection terms: Payment based on construction progress
- Date of Contract (Order Date): 2025-09-04
Conversion Base: The contract amount was calculated by applying the trading standard exchange rate of 1 USD = 1,393.80 KRW as of the contract date (2025-09-04). The contract period and the final settlement amount are subject to future changes during the construction process.
📈 2. [Expert’s Perspective: What This Disclosure Means for Investors]
- Confirmed Scope of New Order: This filing officially documents a new construction contract valued at KRW 351.2 Billion, representing 3.3% of the company’s total revenue from the previous fiscal year, specifically for the construction of one Liquefied Natural Gas Carrier (LNGC).
- Exchange Rate Application Baseline: The contract amount expressed in KRW is a calculated figure based on the exchange rate of 1,393.80 KRW per USD on the contract execution date of September 4, 2025.
- Flexibility in Timeframe and Final Pricing: As explicitly outlined in the disclosure notes, both the contract duration, scheduled to end on March 31, 2028, and the final settlement amount remain subject to amendment depending on actual progress during the manufacturing phase.
📝 Editor’s Comment (by K-STOCK Editor)
This disclosure details Hanwha Ocean’s newly secured contract to construct one Liquefied Natural Gas Carrier (LNGC) for a North American shipowner, valued at KRW 351.2 Billion. This order corresponds to 3.3% of the company’s consolidated revenue for the fiscal year ended 2024.
Investors should monitor two objective variables going forward. First is the stability of the contract schedule. Since shipbuilding projects span multiple years with a scheduled completion date of March 31, 2028, the final timeline remains subject to adjustments. Market participants should check future periodic reports and potential correction disclosures to confirm if any delivery schedule revisions occur. Second is the tracking of the final settled transaction value. Given that the contract value is translated using the exchange rate of 1,393.80 KRW/USD as of the contract date, and that the filing explicitly notes the potential for final settlement adjustments during the construction process, investors should cross-reference subsequent periodic filings to observe any variations in the finalized revenue figures.
📢 Disclaimer & Source Information
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).
Investment Advisory Warning: This material is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest solely with the individual investor.
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