The LNG carrier is the first of a set of three vessels to be ordered by a Russia-based shipping firm Sovcomflot. At a stock exchange filing, the South Korea-based shipbuilder shares that the client was unsuccessful in clearing an instalment payment on a contract it had received in 2020 around October, per reports from iShipNet.
The vessel is worth $270 million and is part of a larger $800 million order. If the Russian buyer fails to meet payment requirements, the Deawoo Shipbuilding will...