In October last year, the company signed for up to four 50,000-dwt IMO type-II tankers at China’s Samjin Shipbuilding Industries for delivery in 2015.
But the yard failed to arrange refund guarantees and Laurin agreed with an unidentified third party to order the ships against long-term charters back to Laurin.
The vessels were said to be costing $50m each and were to be delivered in 2016.
It
