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June 15, 2010

SLS to Refund Gulf Navigation for Cancelled Oil Tankers

Gulf Navigation has received a refund of $35m from Korean shipbuilder SLS Shipbuilding for one of two cancelled oil tanker contracts. The Dubai-based oil tanker owner has terminated the contract due to delays in the delivery of the tankers. Gulf Navigation has pledged an ord

By cms admin

Gulf Navigation has received a refund of $35m from Korean shipbuilder SLS Shipbuilding for one of two cancelled oil tanker contracts.

The Dubai-based oil tanker owner has terminated the contract due to delays in the delivery of the tankers.

Gulf Navigation has pledged an order for two 44,000dwt product/chemical tanker vessels with the Korean shipbuilder.

The company has received $70m with interest for the two cancelled contracts.

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