Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses that Hanwha Ocean signed a construction contract for two Very Large Crude Carriers (VLCCs) worth approximately KRW 353.6B with an Oceanian shipowner.
📊 Key Filing Details & Key Figures Summary
1. Key Contract Details
- Contract Type: Construction Contract
- Contract Title: 2 VLCCs
- Contract Amount: KRW 353,600,000,000 (Approx. USD 256.98M)
- Recent Revenue: KRW 10,776,000,000,000 (Based on consolidated financial statements as of year-end 2024)
- Ratio to Recent Revenue: 3.3%
- Large Corporation Status: Applicable
2. Counterparty & Terms
- Counterparty: Oceanian Shipowner (Relationship: None)
- Sales/Supply Region: Oceania
- Contract Period: July 28, 2025 ~ January 31, 2028
- Key Terms: Down payment/Advance payment included; Payments collected according to construction progress
- Contract Date: July 28, 2025
3. Other Key Reference Information
- Applicable Foreign Exchange Rate: KRW/USD = 1,376.00 (Base rate as of July 28, 2025)
- Contract amount and recent revenue figures are rounded at the 100-million KRW level
- Contract period and final settlement amount are subject to change during the construction process
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Payment Collection Based on Construction Progress and Potential Contract Term Adjustments
This disclosure reports a construction contract for two VLCCs with an Oceanian client. Monitoring whether payments are collected according to construction progress throughout the agreed contract period (July 28, 2025 to January 31, 2028), as well as tracking any potential changes to the contract period or final settlement amount, is important for determining whether the contract is executed as planned. Relevant contract execution details and subsequent modifications can be reviewed in upcoming Quarterly Reports, Half-Year Reports, Annual Reports, or subsequent disclosures.
📢 Disclaimer & Source Information
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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