Greater ChinaShipyards

CSSC in dispute over two vessel contracts

China State Shipbuilding Corporation (CSSC) has announced that its subsidiary yards Shanghai Waigaoqiao Shipbuilding and CSSC Chengxi Shipyard have been involved in two shipbuilding disputes with two shipowners.

According to state-run CSSC, Luxemburg-based owner CLdN Bulk refused to take delivery of a 180,000 dwt capesize built by Waigaoqiao Shipbuilding in March and requested a refund, as the company believed that the vessel’s navigation speed didn’t meet the right standard.

In August, Waigaoqiao Shipbuilding terminated the vessel contract with CLdN Bulk and sold the vessel to another company in November.

The two companies have entered an arbitration process in London and the case is scheduled to be heard in May 2017.

Meanwhile, Norwegian owner Torvald Klaveness Shipping has requested compensation from CSSC Chengxi Shipyard for a torsional vibration damper defect of a 71,900 dwt bulker delivered by the shipyard in 2013.

CSSC Chengxi Shipyard refused the compensation as it believed that it was the user’s fault that caused the problem.

Torvald Klaveness Shipping has initiated an arbitration process in London.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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