Triyards Loses USD 51 Mn Chemical Tanker Order

Image Courtesy: Triyards

Singapore-listed Triyards Holdings Limited has received termination notices for design and construction deals related to two chemical tankers.

The shipbuilding contracts, dated June 26, 2015 and the addendum dated May 10, 2017, had an aggregate contract value of USD 51 million.

The buyer of the chemical tankers, which delivered the notices of termination to Triyards’ subsidiary, Saigon Offshore Fabrication and Engineering Limited (SOFEL), has claimed for the reimbursement of all sums paid in advance on account of the contracts, amounting to USD 10.2 million.

Separately, Triyards released its financial report for the full year ended August 31, 2017. The company informed that it ended the year with a loss of USD 162.5 million, compared to a profit of USD 17.8 million reported a year earlier.

The company’s revenue for the period plunged by 64 percent to USD 116.2 million from USD 324.9 million seen in the twelve months ended August 31, 2016.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >