HD Korea Shipbuilding & Offshore Engineering Subsidiary HD Hyundai Samho Signs 366 Billion KRW Order for Two LPGCs
HD Korea Shipbuilding & Offshore Engineering's subsidiary HD Hyundai Samho has secured an order for two LPGCs from an Asian shipowner for 366 billion KRW.
The contract runs from June 26, 2026 to December 31, 2029 with progress-based payment terms.
The order value represents 4.53% of HD Hyundai Samho's 2025 individual revenue of 8.0714 trillion KRW and is expected to boost high-value ship orders amid industry recovery.
[AI Summary]This order does not involve capital dilution or balance sheet changes and is viewed positively as it strengthens growth through high-value LPGC contracts. The counterparty is a credible Asian shipowner but specific credit details are undisclosed, introducing moderate uncertainty.
KOSPI Filing Information
Conclusion of Single Sales/Supply Contract (Major Management Matters of Subsidiary)
Company: HD Korea Shipbuilding & Offshore Engineering (009540)
Submission: HD Korea Shipbuilding & Offshore Engineering Co., Ltd.