Daewoo Shipbuilding & Marine Engineering
LeaveRussia detail: Suspension
Daewoo Shipbuilding & Marine Engineering Co., Ltd is one of the "Big Three" shipbuilders of South Korea, along with Hyundai and Samsung.
Business in Russia
NOVATEK may not receive six LNG tankers this year from the Korean shipyard Hanwha Ocean, which were intended to export gas from the Arctic LNG-2 project. Three gas carriers are now unavailable because their customers, Sovcomflot structures, fell under direct US sanctions on February 23, 2024.
Decision trail
Decision date 28/11/2022 · Reference ↗
Daewoo Shipbuilding & Marine Engineering (DSME) has notified the cancellation of the contracts on all three LNG carriers awarded by a Russian client two years ago. The Russian client failed to make payments for the ships on time, amid sanctions by the international community against Russia for the prolonged invasion of Ukraine.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — suspended · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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