Insolvent German shipyard P+S Werften has lost more newbuilding contracts.
Baltic operator Scandlines has finally cancelled the much-delayed Ro-Ro newbuilds at the shipyard, it revealed. The vessels were due to enter service this summer.
Scandlines explained, "Despite Scandlines’ strong commitment it has not been possible to find a solution to the severe technical problems that have occurred during the building process delaying the delivery."
All payments made to the yard are covered by bank guarantees, the operator added.
Published : November 29, 2012
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