- Secured 2 more Suezmax tankers, leading the global market with 12 orders in Q1
- Target reached in 3 months with a stable backlog secured through 2029
- Focus shifts to maximizing profitability and developing next-generation eco-friendly ships
DHShipbuilding has secured 12 Suezmax crude oil tankers in the first quarter of 2026 alone, ranking No.1 in global market share. As global shipowners look to secure vessels on time, DHShipbuilding continues to be their top choice in the Suezmax market.
On March 30, DHShipbuilding signed a contract with an Oceania-based shipowner for two Suezmax tankers worth approximately KRW 276 billion. Notably, this contract set a new record for the highest price in the company’s history for this vessel type, proving that the brand value of DHShipbuilding is recognized at the highest level globally.
It is also significant that this long-term partner, who has ordered multiple vessels over the years, placed an additional order for two more ships just one month after their previous order in February. This reflects the deep satisfaction and firm trust the shipowner has in the high-quality vessels delivered by DHShipbuilding over a long period.
Since entering the Suezmax market in 2018, DHShipbuilding has successfully implemented a “Selection and Focus” strategy by optimizing its production system and strengthening marketing activities. As a result, the company has proven its status as a “Suezmax Leader,” achieving its annual order target in just three months.
With this early achievement, DHShipbuilding has secured a backlog of 35 vessels to be delivered by 2029, establishing a stable management foundation. This allows the company to move beyond the pressure of securing new orders and focus on developing eco-friendly, high-value next-generation vessels and entering new markets.
DH Shipbuilding, said: “Following our record-breaking financial performance last year, achieving our annual target in just the first quarter of this year has significantly eased the pressure of securing work. With a solid backlog, we can now fully focus on strengthening the company’s internal growth by improving production efficiency and maximizing profitability.”