Deep Sea Supply Nixes Newbuilding Contract with Jaya

Deep Sea Supply has cancelled the contract with Jaya Shipbuilding and Engineering Pte. Ltd. ("Jaya") pursuant to which Deep Sea Supply was to take delivery of Hull No 875 tbn "Sea Hawk 1". The cancellation is based on substantial delays beyond the revised, contractual delivery
date. Deep Sea Supply has made pre-delivery installment payments to Jaya in the amount of US $3,6 million, which are to be refunded in full.

Deep Sea Supply has not entered into any employment contract in contemplation of contractual delivery, and, therefore, suffers no exposure to any non-performance claim.

The latest information available suggests that Hull No. 878 (tbn "Sea Eagle 1") will be delivered by Jaya in April 2009 as scheduled.

 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Plant Manager- West Memphis, AR
Expertise: Field Service Tech|Production Operator|QA / QC / Inspection
Location: West Memphis, AR
 
Wet Plant Operator III / Wet Plant Operator II
Expertise: Maintenance Technician|Refinery / Plant Operator|Supply & Distribution
Location: Kermit, TX
 
Electrician, Senior Electrician
Expertise: Electrical Technician|Electrician|Maintenance Technician
Location: Kermit, TX
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours