Russian shipowner unilaterally terminates $3.5bn contract with SHI

Capt. John

Samsung Heavy Industries (SHI), one of South Korea’s big three shipbuilders, has been notified by a Russian shipowner that orders worth 4.852 trillion won (about $3.53 billion) have been terminated. According to the shipbuilding industry on June. 13, SHI announced in a regulatory filing on the...

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