South Korea: DSME cancels shipbuilding contract with Russia:
-Icebreaker shipbuilding contract, totaling 1 trillion won-
Daewoo Shipbuilding Ocean (DSME):
On May 23, it was announced that “Russian shipowners will revoke their shipbuilding contracts on May 18.”
This shipbuilding contract is one of three icebreaking contracts signed in October 2020.
The total amount is 1.0137 trillion won.
The first vessel
was supposed to be delivered in April 2023, but the shipowner failed to make the second payment.The price of the ship in question is 330 billion won or so, and the other two contracts are likely to be canceled, too.
This has to do with international financial sanctions on Russia.
The country was excluded from SWIFT after it invaded Ukraine, and Russian shipowners are currently incapable of making payments to South Korean shipbuilders.
DSME built 46 percent of the ship in question until the end of March.
The company has to find another client while continuing to build the ships.
The problem is that the ice-breaking LNG carriers with floating storage units are more expensive than general LNG carriers,
the new client will not be easy to find, and the ships are likely to exacerbate the inventory status of the company.
At present,
the three major South Korean shipbuilders’ contracts with Russia are estimated at US$8 billion.Specifically, the estimate is
US$5 billion for Samsung Heavy Industries,
US$2.5 billion for DSME,
US$550 million for Korea Shipbuilding & Offshore Engineering.
– Businesskorea
http://www.businesskorea.co.kr/news/articleView.html?idxno=93311
Corée du Sud : DSME annule un contrat de construction navale avec la Russie :
-Contrat de construction navale de brise-glace –
Daewoo Shipbuilding Ocean (DSME):
Le 23 mai, il a été annoncé que “les armateurs russes révoqueront leurs contrats de construction navale le 18 mai”.
Ce contrat de construction navale est l’un des trois contrats de déglaçage signés en octobre 2020.
Le montant total est de 1,0137 milliards de wons.
Südkorea: DSME kündigt Schiffbauvertrag mit Russland:
-Icebreaker-Schiffsbauvertrag im Gesamtwert –
Daewoo Shipbuilding Ocean (DSME):
Am 23. Mai wurde bekannt gegeben, dass “russische Reeder ihre Schiffbauverträge am 18. Mai kündigen werden”.
Dieser Schiffbauvertrag ist einer von drei eisbrechenden Verträgen, die im Oktober 2020 unterzeichnet wurden.
Der Gesamtbetrag beträgt 1,0137 Billionen Won.
DSME scraps LNG carrier order linked to Sovcomflot
Lloyd’s List
19 May 2022 NEWS
South Korean builder says
the shipbuilding contract for one LNG carrier was terminated after the owner defaulted on payments