{
  "id": 19581811,
  "title": "Daehan Shipbuilding Lands Two Tanker Order",
  "url": "https://urgent.news/2026/11/12/daehan-shipbuilding-lands-two-tanker-order",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-12T01:30:51.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=281095"
  },
  "original_language": "en",
  "account": "Daehan Shipbuilding secured a significant contract on November 11 for the construction of two 157,000 DWT-class Suezmax crude oil tankers. The total value of this deal amounts to approximately 124.9 billion won, or $96.1 million per vessel, leading to a combined contract value of about 250 billion won, or $192.3 million. This order brings Daehan Shipbuilding's total orders for the year to 19 vessels.\n\nThe contract is with a major global shipping company listed on the New York Stock Exchange. This company had not placed newbuilding orders for tanker vessels in roughly 20 years until recently. They chose Daehan Shipbuilding as their first collaboration partner in May, following a purchase of two tankers that were under construction at the Haenam Shipyard through a resale method. A visit to the shipyard in July led to the signing of the main contract, as the high-quality standards on-site impressed the representatives.\n\nBy securing this contract, Daehan Shipbuilding has now surpassed its annual order target within the first quarter of the year. The company currently has a total order backlog of 37 vessels, worth approximately 4.66 trillion won, or $3.58 billion. Jin Ki-bong, Head of Sales at Daehan Shipbuilding, stated that this contract provides mid-to-long-term shipbuilding volumes extending until 2030. He added that the company plans to continue additional order activities while maintaining a selective order strategy focused on profitability. The two tankers in this order will be built at the Haenam Shipyard and are expected to be delivered to the shipowner in May and June 2030, respectively.",
  "summary": "Daehan Shipbuilding signed a shipbuilding contract on Nov. 11 with a shipping company located in Oceania for two 157,000 DWT-class Suezmax crude oil tankers. The order value per vessel is approximately 124.9 billion won ($96.1 million), bringing the total contract scale to approximately 250 billion",
  "key_points": [
    "Daehan Shipbuilding secures $192.3 million contract for two 157,000 DWT tankers",
    "Major global shipping company places first newbuilding order for tankers in 20 years",
    "Daehan Shipbuilding surpasses annual order target with 19 vessels in first quarter"
  ],
  "editors_take": "Securing this major contract from a long-dormant buyer validates the shipyard's quality standards and provides the company with a stable production backlog extending through the end of the decade.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}