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Samsung Heavy Says $776.8 Mln Order for LNG Facility Cancelled

Source: Reuters 12/2/2016, Location: Asia

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Samsung Heavy Industries Co Ltd said that a 907.6 billion won ($776.8 million) order for a substructure for a liquefied natural gas (LNG) floating production, storage and offloading (FPSO) unit has been cancelled.

The South Korean shipbuilder said in a regulatory filing that the order, which came from an unspecified European firm, was cancelled as the firm did not issue a work order by a deadline agreed upon.

A Samsung Heavy spokesman could not be immediately reached for comment.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

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