CMB managing director Alexander Saverys says his company is cooperating with receivers to take delivery of four LR product tankers it has on order at Hanjin Heavy Industries & Construction Philippines (HHIC-Phil) in Subic Bay.

The claim by the executive of the Belgian shipowner comes amid speculation that the troubled yard wants to sell the ships.

“We are talking to the receiver of the yard to see how and when we can restart construction of the ships,” Saverys said.