DH Shipbuilding captures 55% of global Suezmax orders in January

DH Shipbuilding secured orders for six Suezmax crude oil tankers in January, capturing 55% of the global market. The South Korean shipbuilder won 6 of 11 Suezmax orders placed worldwide during the month.

The company secured orders for four vessels from new customers earlier in January. On the 28th, DH Shipbuilding announced additional orders for two vessels from a European shipowner. The total contract value reaches approximately KRW 250 billion.

Three-Year Order Backlog Secured

The early-year order rally helped DH Shipbuilding proactively secure its workload. The company has built an order backlog of around 30 vessels, equivalent to approximately three years of stable production.

Jin Gi-bong, Head of Sales at DH Shipbuilding, highlighted the company’s market position. “Among global shipowners, there is a strong perception that DH Shipbuilding builds the best Suezmax tankers,” he stated.

Repeat orders from existing customers continue increasing. Jin emphasized the company will further strengthen its dominant position in the Suezmax market based on deep trust with long-term clients.

The newly ordered vessels are scheduled for delivery between January and May 2029.

The strong performance demonstrates DH Shipbuilding’s continued leadership in the Suezmax segment. The company secured orders from both new customers and repeat clients, strengthening customer diversification and shipowner trust.

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