Stolt Tankers Cancels Contract with SLS Shipbuilding

29 June 2009 (Last Updated June 29th, 2009 18:30)

Stolt Tankers, a subsidiary of Stolt-Nielsen, has cancelled a new building contract with SLS Shipbuilding of South Korea due to the extended delays in delivery. Hull #474, a 44,000dwt coated parcel tanker, was originally scheduled for delivery in September 2008. Stolt entere

Stolt Tankers, a subsidiary of Stolt-Nielsen, has cancelled a new building contract with SLS Shipbuilding of South Korea due to the extended delays in delivery.

Hull #474, a 44,000dwt coated parcel tanker, was originally scheduled for delivery in September 2008.

Stolt entered into arbitration with SLS Shipbuilding on 30 March 2009.

The cancellation follows the termination of hull #473, the first ship due in the series from SLS Shipyard.