Insolvent German shipyard P+S Werften has lost more newbuilding contracts.
Baltic operator Scandlines has finally cancelled the much-delayed Ro-Ro newbuilds at the shipyard, it revealed. The vessels were due to enter service this summer.
Scandlines explained, "Despite Scandlines’ strong commitment it has not been possible to find a solution to the severe technical problems that have occurred during the building process delaying the delivery."
All payments made to the yard are covered by bank guarantees, the operator added.