H&C Marine Engineering Takes Over Two Liftboat Newbuildings At Dajin Heavy


Via splash247.com

Shanghai Bestway Marine & Energy Technology has announced that its affiliate shipyard Jiangsu Dajin Heavy Industries has entered into a sale and purchase agreement with H&C Marine Engineering (Singapore) for two self-elevating liftboat newbuildings.

The total value of the contract is $116m.

The two liftboats were originally ordered by Chinese company Mekers Offshore, and Dajin Heavy terminated the contract at the end of November as Merkers Offshore has been unable to make payment according to the contract. Dajin Heavy has already filed an arbitration application to demand compensation from Merkers Offshore.


Read more…

Editorial Team

Our Editorial Team curates "news you can use" from hundreds of local newspapers, magazines, blogs and online sources, press releases, radio and TV news shows from around the world. We take great pride in being providing Daily Business Intelligence that's all business and no politics.