Stena demands USD 426 million in payment from Samsung

Disagreements following a canceled order have now led to Stena AB and Samsung Heavy entering arbitration. Stena demands USD 426 million plus interest and expects to claim the money within a short time.

Photo: PR/Stena Bulk

A case about a canceled drilling rig has ended with arbitration in London between Swedish shipping company Stena AB and South Korean shipbuilder Samsung Heavy Industries, the former party informs in its third quarter interim report.

The disagreements are due to Stena in 2017 canceling an order for a semisubmersible drilling rig from Samsung Heavy, but the latter has chosen to dispute this decision.

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