Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Ocean filed a correction disclosure regarding its contract for one Very Large LPG/Ammonia Carrier with an Oceanian shipowner, revising the contract completion date to May 13, 2026, from September 30, 2026.
📊 [Key Disclosure Details & Financial Summary]
1. Correction Disclosure Overview
- Target Disclosure: Sales and Supply Contract (Initial Filing Date: 2023-11-27)
- Correction Date: 2025-10-02
- Reason for Correction: Revision of contract completion date
2. Contract Period Revision
- Contract End Date: (Before) 2026-09-30 → (After) 2026-05-13
- Contract Start Date: 2023-11-24
3. Key Terms & Contract Scale
- Contract Name: 1 Very Large LPG/AMMONIA Carrier
- Contract Amount: KRW 163,000,000,000 (KRW 163.0B)
- Recent Revenue: KRW 4,860,200,000,000 (KRW 4.8602T based on FY2022 end consolidated financial statements at initial award)
- Ratio to Revenue: 3.4%
- Contracting Party & Region: Oceanian Shipowner (No special relationship) / Oceania Region
- Contract Date: 2023-11-24
- Applied FX Rate: USD/KRW = 1,298.70 (Base rate on contract date 2023-11-24)
- Payment Terms: Down/advance payment included; progress-based milestone payments
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Contract Execution by Revised Completion Date (May 13, 2026)
This filing notifies the market that the completion date for a KRW 163.0B Very Large LPG/Ammonia Carrier contract awarded in November 2023 has been revised to May 13, 2026, from September 30, 2026.
Key follow-up steps involve verifying that contract performance proceeds as scheduled through the revised end date of May 13, 2026.
Final settlement figures and any subsequent modifications to contract terms can be verified through future official periodic filings, such as Quarterly, Semi-Annual, and Annual Reports, or subsequent correction disclosures.
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Source: This content was newly structured and generated based on official filing data from the Financial Supervisory Service DART system.
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