K Shipbuilding Co., Ltd. has secured orders for six medium-sized petrochemical product carriers worth about 510 billion won, the company announced on 26 August 2026, according to a report by reports.
The contracts, the report states, were placed by shipowners based in Europe and the Middle East and cover a mix of vessel sizes and classes described by K Shipbuilding as petrochemical product carriers, or PCs.
Contract composition
Under the agreement described in the report, the contracted vessels comprise two 50,000-ton petrochemical product carriers and four 74,000-ton petrochemical product carriers; the smaller units are denoted in the announcement as MR tankers while the larger units are denoted as LR1 tankers.
Options and quantities
The company indicated that two LR1 tankers are optional under the deal, with the initial contracted count listed as four LR1 tankers plus the two 50,000-ton vessels to make six firm ships in total at the currently reported value of about 510 billion won.
Sources published its item on 26 August 2026, attributing the announcement to K Shipbuilding. The report gives the headline name of the transaction and the regions of the ordering parties but does not identify the ordering shipowners by name.
Taken together, the details provided in the report indicate that the award covers a short series of medium-sized product carriers intended for petrochemical trade, split between two 50,000-ton MR-class ships and a group of LR1-class ships measured at 74,000 tons, with two additional LR1s recorded as optional within the contract structure.
The company statement, as relayed by reports on the date above, gives the total contract value at roughly 510 billion won and locates the buyers in Europe and the Middle East; beyond those points the published item supplies no further delivery schedules, financing information, technical specifications or identities of the shipowners.