Taiwan-based dry bulk shipping firm Shih Wei Navigation has recently axed an order for a panamax vessel at Japan-based Sasebo Heavy Industries, Seatrade Asia online reports.
Shih Wei said the specifications of the 84,000-dwt vessel do not meet the needs of the company.
Meanwhile, the Taipei-listed company also cancelled a plan to sell 71,671 dwt Giant Pescadores to its subsidiary Dong Lien Maritime in view of business performance.
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