DAEHAN SHIPBUILDING secures 271.3 billion KRW order for two crude oil carriers from European shipowner
DAEHAN SHIPBUILDING has won an order for two 157,000 DWT crude oil carriers from a European shipowner, valued at 271.3 billion KRW. This contract represents 22.09% of the company's 2025 consolidated revenue.
The contract includes a down payment and progress payments based on construction milestones. Delivery is scheduled by the end of 2029.
[AI Summary]This order strengthens DAEHAN SHIPBUILDING's order backlog and revenue visibility, with low counterparty risk from a European client. It is a positive factor for the stock outlook.