Friday, August 24, 2012

TMT defaults on HMD handy


TMT defaults on HMD handy

Taiwan’s Today Makes Tomorrow (TMT) has failed to pay for a handysize newbuilding at Hyundai Mipo Dockyard in Korea.

The newbuilding is now reportedly on sales block as the owner had failed to keep up payments, HMD claims.

Brokers say the Ulsan-based shipyard is targeting $19m for the 37,000-dwt vessel.

TMT is said to have requested the yard further delay of the ship's delivery but HMD seems to have decided to put the ship on the resale market.



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