![](https://www.marinelog.com/wp-content/uploads/2017/11/7467a06f88d80c94c3b8ee178a28e210-300x225.jpg)
KHI cancels Island Offshore order, will take $114.8 million hit
DECEMBER 26, 2017 — Japan’s Kawasaki Heavy Industries, Ltd. (KHI) says it has decided to terminate by agreement its shipbuilding contract with Island Offshore Shipholding LP for the top hole drilling/light well