Stolt cancels another chemical tanker from S Korea due to delays

26 June 2009 15:15  [Source: ICIS news]

TORONTO (ICIS news)--Stolt Tankers has cancelled a contract with South Korea’s SLS Shipbuilding for the construction of a 44,000 deadweight tonne (dwt) coated parcel tanker, the Norwegian chemical shipping firm said on Friday.

Stolt cited extended delivery delays. The ship, the second in a series of four ships ordered from SLS, was originally scheduled for delivery in September 2008, it said.

The cancellation follows the cancellation of the first ship in the series from SLS in March, also because of delays.

Stolt had ordered four 44,000 dwt tankers from SLS in 2006. At the time, it said that the total price for the four vessels was around $340m (€241m).

Stolt Tankers is a subsidiary of Norway’s Stolt-Nielsen.

($1 = €0.71)

To discuss issues facing the chemical industry go to ICIS connect

By: Stefan Baumgarten
+1 713 525 2653

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly