Hanwha Ocean's stock has surged by more than 3% as the company continues to secure large shipbuilding contracts from shipowners in Africa and Europe, reflecting positive investor sentiment.
As of 1:46 PM on May 11, Hanwha Ocean shares were trading at 130,100 won, up 3.17% (4,000 won) from the previous trading day, according to the Korea Exchange.
The company announced that it has secured a contract for one LNG carrier (LNGC) from a European shipowner, valued at approximately 363.2 billion won, which represents 2.8% of its consolidated revenue from last year.
This contract is an additional order from a shipowner who had previously ordered seven LNG carriers last year, with delivery scheduled by June 15, 2029.
A Hanwha Ocean official stated, "The continuous construction of vessels with the same specifications is expected to enhance efficiency in design, procurement, and production, contributing to stable profitability."
On May 4, the company also signed a contract with an African shipowner for three Very Large Ammonia Carriers (VLAC), valued at approximately 507.4 billion won, which accounts for 4.0% of its revenue. The completion date for this contract is set for January 15, 2030, with payments made according to construction progress.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.