The filed document specifies that an initial advance is planned and that payments will occur based on the progress of construction
Seoul – The South Korean shipyard Hanwha Ocean announced the signing of a “Single Sales and Supply Contract” for the construction of a methane carrier (LNG carrier) destined for a shipowner from North America. The value of the agreement is 252 million dollars, equivalent to 3.3% of the company’s most recent annual revenue, which in 2024 recorded 7.68 billion dollars according to the consolidated financial statement. The contract covers the period between September 30, 2025, and May 31, 2028, with the official order date set for September 30, 2025. The filed document specifies that an initial advance is planned and that payments will occur based on the progress of construction. The company also emphasizes that the contract duration and the final amount may be subject to changes based on the progress of the work. Hanwha Ocean specified that the counterparty is “a shipowner from the North American region” and that no particular relationships exist with the company. The sales and supply area is indicated as North America.
