Core Viewpoint - Hanwha Ocean has secured contracts for the construction of two Very Large Crude Carriers (VLCCs) with a total value of 371 billion KRW (approximately 257 million USD), indicating a strong demand for high-value vessels in the maritime industry [2][3]. Group 1: New Orders and Financial Performance - Hanwha Ocean has received a total of 14 new ship orders worth 3 billion USD (approximately 218.9 billion KRW) this year, which accounts for 37% of the company's target order amount for 2024 and 85% of the total orders for 2023 [2]. - The company has achieved a total of 41 new ship orders valued at 8.11 billion USD (approximately 587 billion KRW) in 2024, which is 2.3 times the order amount of 3.52 billion USD in 2023 [2][4]. - In 2024, Hanwha Ocean reported operating revenue of 107.76 billion KRW (approximately 794 million USD), a year-on-year increase of 45.5%, and achieved operating profit of 2.379 billion KRW (approximately 17.5 million USD), marking a return to profitability for the first time since 2021 [4][5]. Group 2: Strategic Positioning and Market Trends - Hanwha Ocean has been consistently securing new ship orders at prices significantly above market averages, indicating a strategic focus on high-value vessels and reinforcing its market position [3]. - The company aims to continue its selective order strategy, focusing on high-value ship types, and plans to leverage its technological advantages and project execution experience to maximize profitability [3][5]. - The recent contracts and financial performance suggest that Hanwha Ocean is successfully implementing a strategy centered on high-value shipbuilding, which is expected to contribute to stable growth in the coming years [5].