Mosvold Supply has cancelled another anchor handling tug supply (AHTS) vessel at Otto Marine’s Batamec shipyard, Seatrade Asia online reports.Singapore-listed Otto said Mosvold Supply III had cancelled Hull No. 7049 and demanded refund of payments and interest totaling $29.4m.It is the latest vessel to be cancelled by Mosvold out of a series of four it ordered from Batamec.
“The company is currently being advised by its lawyers on its next course of action,” Otto said. Otto will be reversing the profits booked on the deal and this will impact its 2011 full year financial results.
“The company is currently being advised by its lawyers on its next course of action,” Otto said. Otto will be reversing the profits booked on the deal and this will impact its 2011 full year financial results.