19 vessels ordered so far this year

Annual order target already surpassed

An aerial view of Daehan Shipbuilding's Haenam Shipyard. [Provided by Daehan Shipbuilding]
An aerial view of Daehan Shipbuilding's Haenam Shipyard. [Provided by Daehan Shipbuilding]

Daehan Shipbuilding announced Thursday that it has signed a contract with an Oceania-based shipping company to build two 157,000-deadweight-ton Suezmax crude oil tankers.

The order is valued at approximately 124.9 billion won ($93 million) per vessel, bringing the total contract value to 250 billion won. The two ships are scheduled for delivery in May and June 2030, respectively.

The shipowner is a global shipping company listed on the New York Stock Exchange, and it selected Daehan Shipbuilding for its first newbuild tanker order in roughly 20 years.

The company had previously purchased two crude carriers under construction at Daehan Shipbuilding through a resale arrangement in May, and visited the Haenam Shipyard in July to inspect the vessels firsthand — coming away with a high assessment of the shipbuilder's quality and technical capabilities, according to sources.

Daehan Shipbuilding had already surpassed its annual order target within the first quarter of this year, and the latest contract brings its cumulative orders for the year to 19 vessels. The company's total order backlog now stands at 37 ships, valued at approximately 4.66 trillion won.

Jin Ki-bong, Daehan Shipbuilding's head of sales, said the contract secures medium- to long-term construction volume through 2030. "We plan to continue pursuing additional orders while maintaining a selective ordering strategy focused on profitability," Jin said.


keg@heraldcorp.com