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Friday, December 9, 2016

Stolt Tankers Cancels Newbuilding Contract

March 19, 2009

Stolt Tankers B.V., a subsidiary of Stolt-Nielsen S.A. (OsloBørs: SNI), announced on March 18 that it has cancelled a contract with SLS Shipbuilding Co. Ltd. of South Korea for the construction of a 44,000 dwt coated parcel tanker, the first in a series of four ships, citing extended delivery delays.  The ship was originally scheduled for delivery in May 2008.  All progress payments to date are covered by refund guarantees.



 
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