Triyards sees tanker order cancelled

Triyards

Triyards announced the termination of a shipbuilding order and said that it is seeking two more months to file its first-quarter financial results.

The yard group said that its subsidiary Saigon offshore Fabrication and Engineering has received notice of termination for the design and construction of a chemical tanker at a contract value of US$25.5 million. The buyer behind the contract will also seek reimbursement of some US$5.1 million paid in advance for the tanker.

No reasons were cited for the contract termination.

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