Korea Shipbuilding & Offshore Engineering Terminates Contract to Supply One LNG Carrier Worth 228.9 Billion KRW
[Asia Economy Reporter Minji Lee] Korea Shipbuilding & Offshore Engineering announced on the 31st that the contract for one LNG carrier ordered from an Oceania-based shipping company has been canceled. The cancellation amount is 228.9 billion KRW, which corresponds to 2.89% of recent sales.
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The company stated, "This contract was conditional, and the client notified us of non-activation of the contract, leading to its cancellation," adding, "Since no costs were incurred, there is no impact on profit or loss."
This content was produced with the assistance of AI translation services.
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