The company said Tuesday that it signed a shipbuilding contract on March 16 with an Oceania-based shipping company for one Suezmax-class crude oil tanker worth about 130 billion won.
Including the latest deal, Daehan Shipbuilding has won orders for nine vessels so far this year, surpassing 82% of its annual order target, it said.
The customer has placed additional orders with Daehan Shipbuilding every year since its first contract in 2023, the company said. It described the latest order as benefiting from global geopolitical tensions. With rising tensions in the Middle East, including Iran, more ships are taking longer routes, sharply increasing crude transport distances.
Daehan Shipbuilding said that trend is boosting demand for Suezmax tankers optimized for long-haul voyages and pushing up prices, creating favorable conditions for the company, which it said has strong competitiveness in the segment.
"The fact that an existing customer returns every year shows the market is warmly recognizing our shipbuilding capabilities and premium value," a company official said. The official added that demand for high-efficiency Suezmax vessels is expected to rise amid recent logistics changes linked to the Middle East, making it possible to reach this year’s order target early.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.