Economy/Home · Economy

Hanwha Ocean Recovers to 80,000-Won Range with 6% Surge... Amid KOSPI Rally, Announces 394.3 Billion Won Order for 2 VLCCs

Hanwha Ocean (042660) recorded an increase of over 6% in early trading on the 15th, recovering to the 80,000-won range. At the same time, the KOSPI also surged

Oseong Kwon
Staff Reporter
3 min read
Hanwha Ocean Recovers to 80,000-Won Range with 6% Surge... Amid KOSPI Rally, Announces 394.3 Billion Won Order for 2 VLCCs
CBC News

Hanwha Ocean (042660) recorded an increase of over 6% in early trading on the 15th, recovering to the 80,000-won range. At the same time, the KOSPI also surged by more than 7%, significantly improving investor sentiment toward shipbuilding stocks overall.

As of 9:31 a.m. on the 15th, Hanwha Ocean is trading at 81,500 won, up 4,700 won (6.12%) from the previous trading day. The KOSPI also recorded 7,354.34, a surge of 497.51 points (7.25%), indicating a strong upward trend.

Drawing market attention today is a new order announcement. Hanwha Ocean stated that it signed a contract the previous day with a North American shipowner for the construction of two Very Large Crude Carriers (VLCCs).

  • ■ Key Contract Details
  • Contract Amount: 394.3 billion won (equivalent to 3.1% of recent consolidated revenue for 2025)
  • Contract Period: July 14, 2026 – March 31, 2030
  • Payment Terms: To be paid according to construction progress
  • Exchange Rate Calculation: Based on the exchange rate as of July 14, 2026 (1 USD = 1,504.90 KRW)

The company explained that the contract period and final settlement amount may change during the construction process.

[※ This article is for reference only for investment decisions and does not constitute a recommendation to buy or sell any specific stock. The final responsibility for stock investment lies with the investor.]

Oseong Kwon
Staff Reporter

CBC Globe publishes verified stories with editorial review, source checks, and tenant-specific publication standards.