HD Korea Shipbuilding & Offshore Engineering (KRX:009540) secured a deal from an Asia-based shipping firm to build two container ships, according to a Monday filing with the Korea Exchange.
The deal, valued at 435.3 billion won, represents 3% of the company's sales in 2024. The shipbuilder will deliver the container ships by Oct. 31, 2028. Payments will be made according to construction progress.
Shares of HD Korea Shipbuilding & Offshore Engineering rose nearly 2% in Monday morning trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments