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Home Icon > About Us > News > Precious Shipping and Sainty Marine settle newbuild contract dispute

Precious Shipping and Sainty Marine settle newbuild contract dispute

Thai bulk carrier owner Precious Shipping has entered into a settlement agreement with Jiangsu Guoxin Investment Group, the parent of bankrupt shipyard Sainty Marine, on a newbuild contract dispute regarding the construction of eleven 64,000 dwt bulk carriers. Sainty Marine went bankrupt in 2016 due to a major financial crisis and it went into arbitration …

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Thai bulk carrier owner Precious Shipping has entered into a settlement agreement with Jiangsu Guoxin Investment Group, the parent of bankrupt shipyard Sainty Marine, on a newbuild contract dispute regarding the construction of eleven 64,000 dwt bulk carriers. Sainty Marine went bankrupt in 2016 due to a major financial crisis and it went into arbitration …

[post_title] => Precious Shipping and Sainty Marine settle newbuild contract dispute [post_excerpt] => Thai bulk carrier owner Precious Shipping has entered into a settlement agreement with Jiangsu Guoxin Investment Group, the parent of bankrupt shipyard Sainty Marine, on a newbuild contract dispute regarding the construction of eleven 64,000 dwt bulk c... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => precious-shipping-and-sainty-marine-settle-newbuild-contract-dispute [to_ping] => [pinged] => [post_modified] => 2020-07-13 04:45:58 [post_modified_gmt] => 2020-07-13 04:45:58 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=123886 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )