Daewoo Shipbuilding & Marine Engineering Terminates Contract to Supply Six Container Ships Worth 891.8 Billion KRW

[Asia Economy Reporter Oh Ju-yeon] Daewoo Shipbuilding & Marine Engineering announced on the 30th that the supply contract for six container ships worth 891.8 billion KRW, contracted with a shipowner in the Africa region, has been canceled. The company explained, "The contract is a conditional contract with contract activation conditions that the shipowner and our company must fulfill," adding, "We agreed to cancel the contract because the shipowner did not fulfill the contract activation conditions."