Samsung Heavy Says $776.8M Order For LNG Facility Cancelled

Reuters

SEOUL, Dec 2 (Reuters) - Samsung Heavy Industries Co Ltd said on Friday that a 907.6 billion won ($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)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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