UPDATE 1-Samsung Heavy says $471 million FPSO order cancelled

Newswire

(Adds comments from analysts) SEOUL, Dec 31 (Reuters) - Samsung Heavy Industries Co Ltd said an Asian firm which it did not identify cancelled an order for a floating production, storage and offloading (FPSO) unit worth 505 billion won ($471.71 million). The buyer had previously delayed the order due to financing woes and difficulty in obtaining a charter for the vessel, Samsung Heavy said in the regulatory filing on Monday. The order - worth ...

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