At least two shipowners are pushing ahead with legal moves over collapsed newbuilding contracts signed with South Korea’s cash strapped STX Offshore & Shipbuilding and its Chinese subsidiary.
Frontline chief executive and managing director Jens Martin Jensen confirms Frontline 2012 is pursuing legal action over its contracts for a quartet of 50,000-dwt tanker newbuildings at the now collapsed Chinese affiliate STX Shipbuilding Co (Dalian).
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