South Korea’s SPP Shipbuilding is in negotiations for what could be a major turnaround order.
The yard, which has had no orders for more than 18 months as refund guarantees were banned as part of a tricky restructuring, is in negotations with an Indonesian firm for a series of product tankers.
Setiawan Djody, chairman of Indonesia’s SETDCO Group, has visited the yard to discuss a deal for six firm MR tankers plus four options.
SPP is in the midst of being sold off by creditors, with local construction firm Samra Midas Group the sole bidder for the yard.
The refund guarantee ban had threatened to see SPP’s orderbook dry up later this year.
