Samsung Heavy says $776.8-MM order for LNG facility cancelled
12/2/2016
SEOUL (Reuters) -- Samsung Heavy Industries Co Ltd said on Friday that a $776.8 million order for a substructure for a liquefied natural gas (LNG) floating production, storage and offloading (FPSO) unit has been cancelled.
The South Korean shipbuilder said in a regulatory filing that the order, which came from an unspecified European firm, was cancelled as the firm did not issue a work order by a deadline agreed upon.
A Samsung Heavy spokesman could not be immediately reached for comment.
Reporting by Joyce Lee
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