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Hanwha Ocean Bags KRW800 Billion Order for Four Vessels; Shares Rise 4%

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Hanwha Ocean (KRX:042660) secured an order for the construction of four VLCC vessels worth 800.1 billion won from an unnamed Asian shipper, according to a Friday filing with the Korean Exchange.

Delivery is expected by Feb. 22, 2030, with payments tied to construction milestones.

Shares of the shipbuilder rose over 4% in recent trade on Monday.

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