South Korea’s DH Shipbuilding won six suezmax orders in January, taking a 55% dominant share of the global market. The shipbuilder secured six of eleven suezmax orders placed worldwide during the month.

The company continued its strong order momentum into the new year with four vessels from new customers and two from repeat clients in January.

Specifically, it won orders for four suezmax-class crude oil tankers from new customers earlier in January. On the 28th, DH Shipbuilding announced additional orders for two vessels of the same type from a European shipowner. The total contract value reaches approximately KRW 250bn.

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, said: “Among global shipowners, there is a strong perception that DH Shipbuilding builds the best suezmax tankers. As a result, repeat orders from existing customers continue to increase. Based on deep trust with our long-term clients, we will further strengthen our dominant position in the suezmax market.”

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