Daewoo Shipbuilding & Marine Engineering has cancelled the last of three Arc7 LNG carriers originally contracted by Russian shipowner Sovcomflot (SCF Group).
The South Korean yard announced that it had given notice to a Russian client that it had canned the KRW 337.9bn ($255m) contract that was signed on 9 October 2020. It ended the contracts on the other two ships earlier this year.
