Daehan Shipbuilding Secures Major Suezmax Order
Daehan Shipbuilding has announced a significant new contract for two Suezmax crude oil carriers from a shipping company based in the Marshall Islands. This latest order comes just weeks after the company secured contracts for six vessels in January, bringing its total to eight Suezmax-class ships for the year. With this achievement, Daehan Shipbuilding now holds approximately 62% of the global orders for these vessels in 2023.
Growing Order Book and Market Recognition
The recent contract marks a continuation of Daehan Shipbuilding’s successful partnership with the Marshall Islands-based shipping company, which initially signed a construction agreement in November of last year. The swift follow-up order, placed just three months later, underscores the company’s growing reputation in the shipbuilding industry. Each of the two new vessels is valued at around 129 billion won, surpassing the current market average for similar ships. This premium pricing reflects the industry’s recognition of Daehan Shipbuilding’s construction capabilities and quality.
Scheduled for delivery in August and December 2028, the new Suezmax carriers will enhance the shipping company’s fleet, which is crucial for transporting crude oil through the Suez Canal. The Suezmax class represents the largest vessel size that can navigate the canal when fully loaded, making these ships vital for global oil transportation.
As of February, Daehan Shipbuilding has achieved cumulative orders totaling approximately 1.02 trillion won this year, which accounts for 70% of its annual order target. This rapid accumulation of contracts not only highlights the company’s robust order momentum but also positions it favorably within the competitive shipbuilding market.
