Seoul-listed DSME says the newbuilding, placed in 2013, was cancelled after its owner failed to make a payment on unit.
While the client was not identified, TradeWinds's sister publication Upstream reported this week that Vantage Drilling had walked away from a drillship at DSME.
The deal was shredded after a $59.5m payment was not met. Vantage is seeking to reclaim a similar figure from a previous instalment.
Upstream
