
Hanwha Ocean Faces $1 Billion Arctic LNG 2 Arbitration Claim
Hanwha Ocean faces a $1 billion arbitration claim from Arctic LNG 2 over alleged Step In Agreements breaches linked to terminated shipbuilding contracts.

Hanwha Ocean faces a $1 billion arbitration claim from Arctic LNG 2 over alleged Step In Agreements breaches linked to terminated shipbuilding contracts.

Samsung Heavy Industries signed a 743 billion won contract for two LNG carriers with an Oceania-based owner. Delivery is due by March 2029, lifting annual orders to 41 vessels worth about $7.4 billion.

GTT has secured a new LNG tank design contract from Samsung Heavy Industries for an FLNG unit bound for Africa, reinforcing its role in offshore energy infrastructure.
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