Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses Hanwha Ocean’s contract win valued at KRW 333.3B to construct two Very Large Gas Carriers (VLGCs) for an Asian shipowner.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Sales and Supply Contract
- Contract Classification: Construction Contract
- Contract Title: 2 Very Large Gas Carriers (VLGCs)
- Contract Amount: KRW 333,300,000,000 (Applied exchange rate of USD 1 = KRW 1,406.40 as of November 15, 2024; rounded to the nearest hundred million KRW)
- Recent Annual Revenue: KRW 7,408,300,000,000 (Based on FY2023 consolidated financial statements; rounded to the nearest hundred million KRW)
- Contract-to-Revenue Ratio: 4.5%
- Counterparty: Asian Shipowner (Relationship: None)
- Supply Region: Asia
- Contract Period: November 15, 2024 – November 13, 2027
- Order Date: November 15, 2024
- Disclosure Deferral Details: None
- Other Material Notes: Contract period and final settlement amount are subject to change during construction.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Contract Execution and Construction Revenue Progress
This filing represents a new vessel construction order, making it essential to monitor whether shipbuilding milestones proceed on schedule and convert into revenue throughout the contract period (November 15, 2024 – November 13, 2027). Tracking this progress is critical to evaluating percentage-of-completion revenue recognition and the contract’s ongoing contribution to top-line performance. Relevant operational progress can be verified through future regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports) or subsequent official public disclosures.
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Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system.
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