Tuesday, December 11, 2012

[Ship Building] P+S, 5-ship order cancelled

P+S, 5-ship order cancelled

Germany's insolvent shipyard P+S Werften has seen five existing newbuilding orders being cancelled.

Greenland's Royal Arctic Line (RAL) nullified five newbuilding contracts including a 600TEU boxship, two small general cargoships and two 2,500DWT multi-purpose ships.

The owner already paid around DKK 400m ($70m) for the ice-class ships with refund guarantees in place, reportedly.

RAL is now searching for yard slots for 2014 delivery at other shipyards, mainly in Europe.



Published : December 10, 2012


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