DH Shipbuilding has reinforced its position as a global leader in the Suezmax crude oil tanker market by securing four new vessel orders at the start of the year, with a total contract value of approximately KRW 500 billion.
On January 13, the company signed contracts with a Bermuda-based shipowner for two Suezmax crude oil tankers. The following day, January 14, it secured additional contracts for two vessels of the same class from a Liberia-based shipowner. All four orders were placed by new customers.
In January, only five Suezmax crude oil tankers were ordered worldwide. By winning contracts for four of them, DH Shipbuilding significantly outperformed competitors and strengthened its dominance in this segment.
The latest contracts highlight DH Shipbuilding’s strong competitiveness, proven quality, and delivery reliability, as well as its growing recognition among global tanker operators.
With these orders, the company has already achieved around 30% of its annual order target within the first two weeks of the year.
A company official said, “Building on the strong brand competitiveness we have established in this sector, we will continue to deliver stable and consistent performance throughout the year.”
Under the contracts, delivery of two vessels will begin in February 2029, with the remaining ships to follow sequentially.
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