Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses Hanwha Ocean’s contract win valued at KRW 713.5B to construct two LNG Carriers (LNGCs) for an Oceanian shipowner.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Sales and Supply Contract
- Contract Classification: Construction Contract
- Contract Title: 2 LNG Carriers (LNGCs)
- Contract Amount: KRW 713,500,000,000 (Applied exchange rate of USD 1 = KRW 1,399.10 as of November 8, 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: 9.6%
- Counterparty: Oceanian Shipowner (Relationship: None)
- Supply Region: Oceania
- Contract Period: November 8, 2024 – December 15, 2027
- Order Date: November 8, 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 Monitoring Further Adjustments
This filing represents a new order for two high-value LNG carriers, making it essential to monitor whether construction proceeds as scheduled over the contract period (November 8, 2024 – December 15, 2027) and whether any future amendments occur regarding the contract period or final settlement amount. Verification of these factors is necessary to evaluate the percentage-of-completion revenue recognition and operational progress during construction. Relevant updates 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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