Mosvold Supply cancels at Batamec

Batam: Mosvold Supply has cancelled an anchor handling tug supply (AHTS) vessel it ordered at Batamec shipyard. Otto Marine, owner of Batamec, said Mosvold Supply had cancelled a contract for a 21,000 bhp, VS 491 CD, AHTS. The shipbuilder said under the contract Mosvold was entitled to a refund of its deposit and interest accrued. Otto Marine said it was seeking legal advice. Mosvold has four large AHTS on order from Batamec, and the options for the third and fourth vessels were said to have been contracted at a total value of $167m.

Source: Sea Trade Asia