Daehan Shipbuilding has definitively demonstrated its ‘irreplaceable’ prowess that no one can challenge, going beyond being the ‘One-pick’ of global shipping companies in the worldwide Suezmax crude oil carrier market.

Daehan Shipbuilding announced on Feb. 6 that it has secured additional orders for two Suezmax crude oil carriers from a Marshall Islands-based shipping company. Following contracts for four vessels in mid-January and two vessels at the end of January, the company added another two ships in just two weeks, continuing its relentless order rally. With this, Daehan Shipbuilding has secured eight Suezmax crude oil carriers this year, recording a market share of 62% of global orders (13 vessels).

Notably, the shipping company that placed this order confirmed the additional order just three months after signing its first shipbuilding contract with Daehan Shipbuilding in November last year.

The order value stands at approximately 129 billion won per vessel, with the contract concluded at a level higher than the average price of similar vessels recently formed in the market. This clearly proves that Daehan Shipbuilding is recognized for its differentiated premium value in the global market, going beyond simply securing construction volume.

The speed of achieving order targets is also record-breaking. As of February, cumulative orders this year have reached approximately 1.02 trillion won in just two months, filling 70% of the target. Meanwhile, the two newly ordered vessels are scheduled to be delivered in August and December 2028, respectively.

Source:Business Korea