PRESS: Daewoo refuses to build vessels for Arctic LNG-2 - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: Daewoo refuses to build vessels for Arctic LNG-2

MOSCOW, May 25 (PRIME) -- South KoreaТs Daewoo Shipbuilding & Marine Engineering (DSME) has broken a contract with Russian shipping company Sovcomflot on construction of three liquefied natural gas (LNG) Arc7 tankers on overdue payment, Kommersant business daily reported on Wednesday.

On May 17, DSME disclosed the materials without naming the ordering party, but said that it was a European company. According to sources of TradeWinds newspaper, DSME meant tankers for Arctic LNG-2.

УIn light of the fact that the payment of the vessel owner for construction of one of the LNG tankers has not been sent in proper time, we have notified the company of termination of the contract to protect our rights,Ф DSME said.

The U.S. $872 million deal was signed in 2020. The shipbuilder was to commission the three vessels in February, April and June 2023.

The newspaper reported that Sovcomflot could have failed to pay for the order due to payment processing problems over the U.S., the E.U. and the U.K. sanctions.

Sovcomflot declined to comment on the details of a commercial contract. The owner of Arctic LNG-2 Russian independent gas producer Novatek has not responded to the newspaperТs request.

End

25.05.2022 10:17
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 57.1836 +0.8252 05 jul
USD 55.0858 +1.3182 05 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 2204.66 -0.09 18:51 04 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 192.50 0.00 18:49 04 jul
lkoh 3944.00 0.00 18:49 04 jul
rosn 375.15 0.00 23:50 04 jul
sber 129.91 0.00 18:49 04 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 56.9900 +0.1400 14:59 04 jul
USDTD 53.7400 +0.0225 05:00 04 jul