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]