Hong Xiang had chartered four 34,000 dwt bulkers for five year periods from their delivery from the shipyard in 2011/2012. New York-listed SFI said the redelivery followed a period where charter hire had not been paid. The company said it had been able to collect “significant amounts” from sub-charterers of the vessels.
SFI made it clear it would pursue all monies owed and damages. “We have a full guarantee from Hong Xiang's parent company Beijing Jianlong Heavy Industry Group, a large Chinese industrial conglomerate, and we will aggressively pursue all available means to recover amounts due to us and claim for damages caused by Hong Xiang's and Jianlong Group's unwillingness to perform on their obligations,” the company said.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
