d’Amico Opts Out

On Tuesday, d’Amico International Shipping announced that Glenda International Shipping, its joint venture with Glecore, terminated and rescinded a newbuilding contract related to Hull S510, a 51,000 DWT product/chemical tanker being built at SLS Shipbuilding in Tongyeong Korea. The company blamed excessive delays in deliveries. The company is asking for the refund of all advances made plus accrued interest. One down, more to come

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