Singapore Cosco says client cancels one ship order

Singapore-listed shipbuilder COSCO Corporation said on Thursday a European customer had cancelled the order of one out of four vessels.
The delivery dates for two other 57,000 tonne bulk carrier vessels will be delayed to June and September 2010, instead of March and May 2010, respectively. The contract on the remaining vessel remains unchanged.
It said earlier on Thursday that first quarter net profit slid 60.5 percent.