Russia's Zvezda cancels $3.54 billion icebreaker orders from Samsung Heavy

Samsung Heavy Industries

18/06/2025 07:48

SEOUL, June 18 (Reuters) - South Korean shipbuilder Samsung Heavy Industries 010140.KS said in regulatory filings on Wednesday that two orders from Russia's Zvezda worth a total of 4.85 trillion won ($3.54 billion) for icebreaker ships were cancelled due to "illegal termination by the shipowner".

($1 = 1,370.3800 won)

 (Reporting by Joyce Lee; Editing by Christian Schmollinger)

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