Tongyeoung-based mid-size builder SLS Shipbuilding is facing more arbitration drama from D’Amico and its commodities partner Glencore as the pair seek to nix all four ships, worth $190m, on order at the yard. The pair, whose shipping jv is called

Glenda International, have launched a total of four arbitration cases
this year over the four orders, successfully getting the first product
tanker rescinded in June, citing “excessive delays”. 

However, SLS
refused to repay $27.5m in instalment payments, which brought
arbitration proceedings. Glenda is citing lateness in its efforts to
cancel the remaining three product tankers at the Korean facility.

Source: SeaTrade Asia Online

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• SLS Shipbuilding in more arbitration

    Tongyeoung-based mid-size builder SLS Shipbuilding is facing more arbitration drama from D’Amico and its commodities partner Glencore as the pair seek to nix all four ships, worth $190m, on order at the yard. The pair, whose shipping jv is called Glenda International, have launched a total of four arbitration cases this year

• damico announces three arbitrators in the dispute between Glenda and SLS Shipbuilding

    d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announces the publication in London of the Tribunals’ awards in three of the four recent arbitrations between GLENDA International Shipping Ltd (“GLENDA”), a 50:50 joint venture company between the Glencore Group and DIS, and SLS

• d AMICO announces three arbitrators in the dispute between Glenda and SLS Shipbuilding

    d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announces the publication in London of the Tribunals’ awards in three of the four recent arbitrations between GLENDA International Shipping Ltd (“GLENDA”), a 50:50 joint venture company between the Glencore Group and DIS, and SLS

• d Amico International Shipping announces the cancellation of the SLS building contract

    d’Amico International Shipping S.A., an international marine transportation company, operating in the product tanker market, announces that GLENDA International Shipping Ltd (“GLENDA”), a joint venture company with Glencore Group in which DIS has an interest of 50%, has given notice to SLS Shipbuilding Co. Ltd of Tongyeong, Korea (“SLS Shipyard”) of its cancellation

• d Amico International Shipping SA announces the cancellation of the SLS building contract

    d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international marine transportation company, operating in the product tanker market, announces that GLENDA International Shipping Ltd (“GLENDA”), a joint venture company with Glencore Group in which DIS has an interest of 50%, has today given notice to SLS Shipbuilding Co.

• d Amico International Shipping SA Announces Transfer of Product / Chemical Duo

    d’Amico International Shipping S.A., an international marine transportation company, operating in the product tanker market, announces that GLENDA International Shipping Limited (“GLENDA”), a 50:50 joint venture company between the Glencore Group and DIS, transfers: (i) all of its rights and obligations in respect of the 2 Hyundai class M/R Product/Chemical

• d AMICO 2 Hyunday converts 46,000 DWT Product / Chemical tankers

    d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international marine transportation company, operating in the product tanker market, announces that GLENDA International Shipping Ltd (“GLENDA”), a joint venture company with Glencore Group in which DIS has an interest of 50%, has today signed with Hyundai Mipo Dockyard CO. Ltd

• Abu Dhabi owners SLS Shipbuilding throws lifeline

    Two broker reports out yesterday suggest fast emerging Abu Dhabi shipowner Eships has come to the rescue of bankrupt Korean yard SLS Shipbuilding. EShips has splashed $100m for a trio of medium range product tankers at the Tongyeoung based yard, which filed for bankruptcy in December after losing various court

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• Euro recovers from new multi-month lows against the dollar and yen

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• CAN/J1939 Product Guide 2009 available

    CAN in Automation (CiA) published the CAN/J1939 Product Guide 2009. This catalog includes the CAN as well as the J1939 Product Guide and is available at CiAâ??s website (www.can-cia.org) as well as on CD-ROM. The CAN/J1939 Product Guide lists the products by their product categories, manufacturer\’s name and product name. Read

• Odfjell acquires Pyrrhic victory

    Norwegian parcel tanker shipowner Odfjell has won its arbitration case in Stockholm against the large Russian state-owned shipyard Sevmash over the non-delivery of 12 ships contracted in 2004.

• Navy warships latest edition of more than 50 mph on top

     (AP) The Navy’s need for speed is being answered by a pair of warships that have reached freeway speeds during testing at sea.  Source

• Charging the Customs

    TNK-BP is charging more than 6 billion rubles from the Federal Customs Service of Russia. TNK-BP has filed a claim to the Federal Customs Service at the Arbitration Court of Moscow demanding 6.4 billion rubles to compensate for the losses and damages inflicted to the company. According to the company,