Shares in Samsung Heavy Industries have seen their biggest intraday decline in nine months as investors fear the company will not deliver John Fredriksen’s drillships on time.
The South Korean shipbuilder saw its stock fall as much as 7.3% on the Seoul Stock Exchange reflecting the delay concerns, according to Park Moo-hyun, analyst at Hana Financial Investment.
Fredriksen’s Seadrill is scheduled to take delivery of two 59,000-gt units in March.
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