SK Oceanplant Wins Up to 800 Billion Won Order for Crude Oil Tankers in Greece

[Financial News] SK Oceanplant said on the 31st that it had won an order from a Greek shipowner for six 115,000-ton Aframax crude oil tankers. The deal is expected to grow to as much as twice the size of a typical commercial ship order.
The current contract is worth 600 billion won, but SK Oceanplant said the total could exceed 800 billion won if options for two additional vessels are exercised. The ships will be built at its shipyard in Goseong County, South Gyeongsang, and delivered in stages between 2029 and 2030.
Industry watchers are paying close attention to the size of the order. It is roughly twice the value of a typical commercial ship order placed with a major shipbuilder. Even at 600 billion won, the deal would account for more than half of SK Oceanplant's highest annual sales, and if it grows to more than 800 billion won, the company could reach 2 trillion won in order backlog this year.
An SK Oceanplant official told this paper, "Large shipbuilders usually win orders worth 300 billion to 400 billion won, and cases reaching 800 billion won are not very common," adding, "This is a highly significant order."
This is the first time SK Oceanplant has won an order from a Greek shipowner. As a major customer in the global shipping market, the deal is expected to serve as a bridgehead for future expansion into Europe. It is also significant because it further proves SK Oceanplant's competitiveness in commercial ships, in addition to its business portfolio centered on offshore wind substructures.
Kang Young-kyu, CEO of SK Oceanplant, said, "Through this partnership with a Greek shipowner, we will expand our customer base in the global commercial ship market and continue to repay customer trust by building high-quality vessels." He added, "This is the result of our shipbuilding technology and project execution capabilities being recognized in the global market."

[email protected] Kim Yun-ho Reporter