
Samsung Heavy Industries Faces Suezmax Order Lawsuit
Samsung Heavy Industries is facing a lawsuit from Gaea Lines and Tethys Lines over the cancellation of a $172 million order for two 158,000-dwt suezmax tankers.

Samsung Heavy Industries is facing a lawsuit from Gaea Lines and Tethys Lines over the cancellation of a $172 million order for two 158,000-dwt suezmax tankers.

The UK High Court dismissed an appeal in a US$832.2 million case against three wholly owned subsidiaries of Yangzijiang Shipbuilding and also refused the claimants permission to appeal further, according to a company filing.
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