ATHENS: Turkey’s Ciner Shipmanagement looks to have delayed deliveries of its capesize newbuildings from Hanjin Heavy Industries, South Korea.
A Turkey-based company has extended the end of its contract with the shipyard from July 31 to August 28, 2015, a filing to the Seoul Stock Exchange said today. The KRW 116.9bn ($104.9m) contract was originally signed on October 25, 2013, and comprises the construction of two bulk carriers.
This corresponds with Ciner’s two capesize bulk carriers Mehmed Faith (180,000 dwt) and Vittoria (180,000 dwt) being built at the yard, which were originally due for delivery in July and August this year respectively. An unnamed Liberia-registered shipping company has also extended its contract for the construction of a containership at the Hanjin Heavy yard, another filing said today.
The end of the contract has been extended from May 31 to July 24 this year. When signed on October 10, 2013, the deal was worth KRW 86.7bn ($77.8m). No further details about the order were available.
