Nordcapital delays Hyundai boxships

Seoul: Korea’s Hyundai Heavy Industries (HHI) is postponing the delivery of eight containerships at the request of Germany's Nordcapital.

The yard group said an unnamed European company has pushed back completion of the order to 29 June, 2012, from 31 March, 2011. Nordcapital confirmed it was the owner behind the move.

Nordcapital has eight 13,092-teu giants contracted at HHI in 2007, worth $175m each, for the account of parent ER Schiffahrt, the management company of Erck Rickmers.
(Source:www.seatrade-asia.com)