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010140 — Samsung Heavy Industries News Story

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Corrected (official): Samsung Heavy: Not begun making parts for some Russian shipyard LNG carriers

(Corrects headline and story after company clarifies it has not
begun (not stopped) making blocks and equipment for 10 carriers)
       SEOUL, Dec 26 (Reuters) - Samsung Heavy Industries
 010140.KS  said on Tuesday it has not started making blocks and
equipment for 10 out of 15 Arctic LNG carriers contracted with
Zvezda. 
    Samsung has been delivering blocks and equipment for five of
them to Zvezda, the Russian shipyard that is assembling the
carriers, after receiving South Korean government approval. 
    Samsung is nearing the end of making the equipment for the
five ships, a Samsung spokesperson said on Tuesday. 
    For the remaining 10 ships, Samsung has not started making
the blocks and equipment, but there has been no cancellation of
the contract yet, the spokesperson said.

 (Reporting by Joyce Lee; Editing by Muralikumar Anantharaman)
 ((joyce.lee@tr.com;))

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