For illustration only (Image: Samsung Heavy Industries)
South Korean shipbuilding giant Samsung Heavy Industries has terminated contracts for 10 ice-class Arc7 LNG carriers and seven shuttle tankers with Russia’s Zvezda.
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South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build four liquefied natural gas (LNG) carriers for approximately $1.05 billion.
Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.
French energy giant TotalEnergies has completed the transfer of a 10 percent stake in the Arctic LNG 2 project to a unit of Russian LNG exporter Novatek.