Dry CargoGreater China

Yangfan hit by further d’Amico cancellations

A few days after the news that d’Amico Group refused to take delivery of the first supramax bulk carrier built by Chinese shipyard Yangfan, the Italian shipping company has told Splash that the shipbuilding contracts of other two ships on order have been cancelled.

A statement from the Rome-based company says: “d’Amico Dry would like to specify that during 2015 the fifth and sixth newbuilding of a series of six ordered at Yangfan were already switched in new orders for two containerships of 2,250 teu capacity. In January 2016, when it appeared clear that the shipyard could not deliver us these ships on time, we have mutually agreed together with Yangfan to cancel the order and all the installments have been refunded.”

As of today, the shipyard’s orderbook therefore still consists of two supramax and three handysize bulk carriers set for delivery before 2017 for d’Amico Dry.

 

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Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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