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Hanwha Ocean Secures KRW1.55 Trillion Contract for Six Container Ships

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Hanwha Ocean (KRX:042660) secured a 1.553 trillion won contract for six container ships from Yang Ming Marine Transport Corp., according to a Thursday filing with the Korea Exchange.

The value of the contract equates to about 12.1% of the shipbuilder's sales in the recent fiscal year.

The contract is valid until Sept. 30, 2029, with payments to be made based on construction progress.

Shares of Hanwha Ocean added over 3% in recent trade.

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