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CSSC pays Klaveness $875,000 to settle ship quality dispute

China State Shipbuilding Corporation (CSSC) has settled a dispute with Norwegian owner Torvald Klaveness relating to deficiencies on a bulker built by CSSC Chengxi.

Torvald Klaveness claimed that 2013-built, 71,400 dwt panamax bulker Balto had torsional vibration damper issues shortly after delivery, and filed an arbitration against CSSC Chengxi and supplier Doosan in 2016.

Following several rounds of negotiations, CSSC has agreed to pay $875,000 to Torvald Klaveness to settle the dispute.

The vessel was sold to Canadian owner CSL in 2016 and renamed CSL Tarantau.

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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