EventArctic LNG 2 has filed a $1 billion arbitration claim against Hanwha Ocean over the cancellation of three DSME‑built LNG tankers, citing breaches of step‑in agreements triggered by Ukraine‑related sanctions. The claim follows an earlier $850 million dispute and may further delay the delivery of vessels tied to the Arctic LNG 2 project.
Russia’s Arctic LNG 2 has filed a $1 billion arbitration claim against South Korean shipbuilder DSME after the Korean firm cancelled construction of LNG tankers originally slated to support the Arctic LNG 2 project.
Arctic LNG 2 has filed a $1 billion arbitration claim against Hanwha Ocean over the cancellation of three DSME‑built LNG tankers, citing breaches of step‑in agreements triggered by Ukraine‑related sanctions. The claim follows an earlier $850 million dispute and may further delay the delivery of vessels tied to the Arctic LNG 2 project.
