Hyundai Heavy Industries (HHI) has revealed a separate listing plan for its Hyundai Samho yard subsidiary.
The Korean company said only that a listing would be pursued within the next three years, however.
Samho has an orderbook of 69 tankers, bulkers, boxships, LNG carriers and LPG vessels.
The HHI group also has another major yard subsidiary in the shape of Hyundai Mipo Dockyard.
HHI itself reported a net loss of KRW 210.7bn ($189m) in the fourth quarter, against analysts' estimates of KRW 63.7bn.
Revenue was KRW 3.71 trillion, compared to estimates of KRW 3.35 trillion, while the operating loss was KRW 203bn, versus estimates of KRW 51.04bn.
HHI signed a conditional deal with Korea Development Bank on Thursday to take a majority stake in rival shipbuilder DSME, but the state bank has also approached Samsung Heavy Industries about a potential investment.
Hyundai Mipo reported operating earnings of KRW 7.75bn for the fourth quarter, with the full-year figure at KRW 70.9bn.
