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Asia Pacific South Korea Tankers and Gas

Korea Shipbuilding terminates $890m VLCC orders

The Seoul-listed builder said the contract was scrapped because the agreed shipbuilding ‘payment was not made within the deadline’

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Broker reports earlier suggested that Everest Shipping Group, a new entrant backed by Chinese private fund interests, was behind the deal

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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