Steady Performance Growth Ahead of April Debt Group Graduation

Aerial view of Daedae Factory, Busan, Daesun Chosun.

Aerial view of Daedae Factory, Busan, Daesun Chosun.

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[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Daesun Shipbuilding, a mid-sized shipyard in Busan, recently secured orders for three stainless steel chemical product carriers.


Daesun Shipbuilding announced on the 10th that it signed a construction contract on the 5th with Seongho Shipping, a domestic mid-sized chemical product shipping company, for three chemical product carriers of 6,800 DWT.


The contract between Daesun Shipbuilding, a representative mid-sized shipyard in the Busan area, and Seongho Shipping, a petrochemical product specialized transportation company based in Busan, is regarded as a model for regional win-win development.


This contract was achieved through technical consultations between the shipyard and the shipping company, understanding the shipowner's intention for next-generation shipbuilding that reflects not only safe navigation and environmental protection but also the characteristics of the petrochemical products being transported, and guaranteeing quality by technically realizing it.


Daesun Shipbuilding has already earned the trust of shipowners for its in-house design capabilities and production quality through its experience in building more than 16 special chemical product carriers equipped with stainless steel cargo tanks.


Seongho Shipping, which placed the order this time, was established in 1965 as a petrochemical product transportation specialist company, operating a total of 12 vessels and possessing the capability to cover domestic, Japan, China, and Southeast Asia.


It is known as a solid mid-sized company recently selected as a model taxpayer in the Busan area and awarded a Prime Minister's citation.


Daesun Shipbuilding, which signed an M&A contract with Dongil Steel at the end of last year and is set to graduate from creditor management in April, is steadily securing orders following the February contract with a Moroccan shipowner, despite some concerns about work volume for small and medium shipyards, and better performance is expected after normalization.



Daesun Shipbuilding, whose acquisition of Dongil Steel is in the final stages, is expected to become the first shipyard to return to a normal company after exiting creditor management.


This content was produced with the assistance of AI translation services.

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