Another contract ripped up at STX Dalian

Dalian: More woe for beleaguered STX Dalian with Korea’s Pan Ocean announcing it has canned a contract for a semi-submersible heavylift carrier at the yard. 

Pan Ocean, formerly known as STX Pan Ocean, said in a statement that contract was cancelled as “the shipyard has encountered difficult situation in shipbuilding”.

Pan Ocean ordered the 31,000 dwt ship two years ago for a price of $80m.

STX Dalian is likely to seek court receivership soon.  [22/04/14]

 

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