KSOE secures $198.6m order for oil tankers

KSOE

Korea Shipbuilding & Offshore Engineering (KSOE) has secured an order from a European company for the construction of three oil tankers.

The value of the order stands at around $198.6m (KRW220.5bn).

In a regulatory filing, KSOE stated that its unit Hyundai Samho Heavy Industries will be responsible for the construction of the tankers.

The tankers are expected to be supplied by February 2024.

The order also contains an option for cancelling an order for one oil tanker within a given duration.

This week, the company won orders worth $1.2bn (KRW1.36tn) from five marine clients for the construction of a dozen vessels.

As reported by Yonhap News Agency, KSOE stated in an email that it will be delivering four liquefied natural gas (LNG) carriers to an Oceanian company.

Under the same deal, KSOE will supply a 40,000m³ liquefied petroleum gas (LPG) carrier by the first half of 2024.

[yonhap]

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