Shipping Corp. of India is to buy a suezmax tanker originally ordered by its Irano-Hind Shipping joint venture.
Hyundai Heavy Industries has reportedly refused to deliver the 153,000-dwt tanker to the JV majority shareholder Islamic Republic of Iran Shipping Lines (IRISL) amid US and European Union sanctions against IRISL.
“One tanker which was under construction with Hyundai will be taken delivery by SCI in a couple of days,” SCI chairman Sabyasachi Hajara told Press Trust of India.
Published : October 12, 2012
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