Daehan Shipping Transfers Four Crude Oil Tankers to Saudi National Shipping Company

Daehan Shipping announced on the 29th that it has decided to transfer four of its tangible assets, ultra-large crude oil carriers (VLCC), to THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA.

The transfer amount is 630.88 billion KRW, which corresponds to 13.34% of the total assets (4.7278 trillion KRW) in the previous fiscal year.

The company stated, "We plan to improve our financial structure and secure liquidity through this transfer of tangible assets."

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