South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) said it has terminated an LNG carrier newbuilding contract for two 174,000-cbm vessels.
The shipbuilding company did not disclose the buyer’s identity but said the newbuilding contract was inked on 23 July this year.
In a regulatory filing, DSME said the LNG carrier deal was axed as the other party did not carry out the legal obligations of the contract.
