On September 22, K Shipbuilding announced it had recently signed a contract with a European shipowner to build two 50,000 DWT product tankers. The order is valued at 129 billion won (approximately $92.55 million), with each vessel costing about $46.27 million. Delivery is scheduled for the first half of 2027.
The new vessel complies with the enhanced environmental standards of the International Maritime Organization (IMO). Its design highlights include meeting the Energy Efficiency Design Index (EEDI) Tier 3 requirements and the ability to be easily retrofitted for environmentally friendly fuel propulsion systems such as liquefied natural gas (LNG) or methanol.
K Shipbuilding announced that with the latest order, it has undertaken a total of 10 new vessels this year, valued at 820 billion won, including two option vessels.
A representative of K Shipbuilding said: “This achievement was achieved with the full support of the major shareholder United Asset Management Co., Ltd.” and emphasized that “this year we will maximize profitability through active order acquisition activities and strive to consolidate our strong position in the medium-sized ship market.”