![A 115,000-ton petrochemical tanker built by K Shipbuilding [Photo: K Shipbuilding]](https://image.ajunews.com/content/image/2025/11/13/20251113101046515047.jpg)
SEOUL, November 13 (AJP) - South Korea’s mid-sized shipyard K Shipbuilding said on Thursday that it had signed contracts with two European shipping companies to build five tankers worth about $333 million.
The orders, finalized on Nov. 6 and 12, include three 115,000-ton crude oil tankers and two 50,000-ton petrochemical tankers, the company said.
All of the new vessels will comply with the International Maritime Organization’s standards for greenhouse gas emissions.
“This order reaffirms our long-standing expertise and competitiveness in the medium-sized tanker sector,” the company said in a press release. “We will continue to strengthen our technology and quality to solidify our leading position in this market.”
The deal adds to a strong year for K Shipbuilding, which has benefited from a global upswing in ship orders tied to energy transport and environmental upgrades. As of the third quarter of 2025, the company reported $670 million in cumulative sales.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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