Daehan Shipbuilding said in a regulatory filing on 12 Nov 2026 that it signed a contract on 11 Nov 2026 with an Oceania-based shipping company to build two 157,000-deadweight-ton crude oil tankers, valued at 124.9 billion won per vessel for a total of 249.8 billion won. The amount equals 20.3% of the company's revenue last year. The contract runs through 28 Jun 2030, with deliveries scheduled between May and June 2030. The customer is a global shipping company listed on the New York Stock Exchange that previously purchased two crude oil tankers under construction through a resale transaction in May and visited Daehan Shipbuilding's Haenam shipyard in July. The latest order brings Daehan Shipbuilding's total new contracts this year to 19 vessels, after it exceeded its annual order target in the first quarter. Its current order backlog stands at 37 vessels, valued at 4.66 trillion won. Jin Ki-bong, head of sales at Daehan Shipbuilding, said the company has secured medium- to long-term shipbuilding orders extending through 2030. Daehan Shipbuilding reported third-quarter revenue of 327.7 billion won and operating profit of 82.7 billion won, up 12.8% and 31.1% year-on-year, respectively, with an operating profit margin of 26.3%. The company has maintained an operating margin above 20% for eight consecutive quarters and above 25% for the past four quarters.