Daewoo Shipbuilding & Marine Engineering (DSME) announced on May 23 that it canceled a shipbuilding contract with a Russian shipowner on May 18. The contract is one of the three ice-breaking LNG carrier contracts they concluded in October 2020, which total 1.0137 trillion won. The first vessel was supposed to be delivered in April 2023, …
The post Financial Sanctions on Russia Affecting South Korean Shipbuilders first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John