South Korea's Hyundai Heavy Industries (009540.KS) said on Friday an unidentified European shipper has cancelled part of its earlier order for new ships due to financial difficulty.
The European company ordered eight container vessels under a contract valued at 856 billion won ($750.8 million) in 2007 but has recently cut the order down to four vessels, the world's largest shipbuilder said in a filing to the stock exchange.
The European company ordered eight container vessels under a contract valued at 856 billion won ($750.8 million) in 2007 but has recently cut the order down to four vessels, the world's largest shipbuilder said in a filing to the stock exchange.