대한조선주식회사

• New client orders 4 ships total after using all options.

• 13 total orders this year; #1 in the global Suezmax market.

• Order book full until 2029; switching to a profit-focused strategy.

DHShipbuilding surpassed its annual order goal in just the first quarter. Now, at the start of the second quarter, the company has successfully secured even more orders, solidifying its lead in the Suezmax market.

On the 14th, DHShipbuilding signed a contract with an African shipping company to build one Suezmax crude oil tanker. The deal is worth about 133 billion KRW.

This client first worked with DHShipbuilding in January by ordering two ships. Since then, the client used all its "options" (rights to order more ships) to add one more ship in March and another in April. This means the client has ordered a total of four ships even before receiving the first one.

This shows that the global market trusts DHShipbuilding’s high quality and ability to deliver on time. As environmental rules get stricter, more shipowners want eco-friendly and efficient ships. DHShipbuilding’s excellent design and work process have made it very attractive to these owners.

With this new deal, DHShipbuilding has reached 13 total orders this year, keeping its position as number one in the global Suezmax market. Since their work schedule is already full until the end of 2029, the company will now focus on "selective orders" to increase profits.

The ship from this latest contract is expected to be delivered to the owner in July 2029.