(Seoul=Yonhap Infomax) Jong Hwa Han – Hanwha Ocean Co. [042660], a leading South Korean shipbuilder, announced on the 24th that it has signed a contract worth 757.7 billion won ($570 million) to build four very large crude carriers (VLCCs).


The order was placed by a shipowner based in Africa, and the contract value represents approximately 7.0% of Hanwha Ocean's total sales in the previous fiscal year.


The vessels are scheduled for delivery by November 30, 2028.


VLCC built by Hanwha Ocean
[Source: Yonhap News Agency file photo]


jhhan@yna.co.kr


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