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Stolt tankers will be sued

Stolt tankers will be sued
A spokesman for SLS Shipbuilding has confirmed that it is suing Oslo-listed Stolt Tankers for its cancellation of a newbuilding order at the South Korean yard.

A spokesman for SLS Shipbuilding has confirmed that it is suing Oslo-listed Stolt Tankers for its cancellation of a newbuilding order at the South Korean yard.

A spokesman for SLS Shipbuilding has confirmed that it is suing Oslo-listed Stolt Tankers for its cancellation of a newbuilding order at the South Korean yard.

He added however that SLS ?should still be? going ahead with the other orders that Stolt has on contract with the yard currently.

Stolt Tankers on March 18 announced that it had cancelled a contract with SLS for a 44,000-dwt coated parcel tanker, the first in a series of four similar tankers ordered from the yard, citing ?extended delivery delays?.

A senior SLS official told the next day that the yard was still going ahead with the construction of up to 13 ships for Stolt.

SLS executive vice-president Pan Du Sohn told Tankerworld that ?construction on the other three coated parcel tankers has begun and they are still being built as planned.?

According to Pan, aside from this order, there had been a previous order for two similar-sized coated parcel tankers.

Pan said then that construction had not begun on this previous order for two coated parcel tankers.

?In addition to these five coated parcel tankers, we are also building eight stainless steel parcel tankers for Stolt,? he said.

He added that the eight stainless steel parcel tankers are also 44,000 dwt vessels.

The suit would ?definitely have some form of repercussion? on Stolt's portfolio of orders with the yard, although he is ?not sure? how many ordered ships will eventually be constructed and delivered.

www.TurkishMaritime.com.tr

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