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ZPMC defends shipbuilding contract termination by Petrofac

Shanghai Zhenhua Heavy Industries (ZPMC) is taking steps to defend against the recent termination of a contract by Petrofac over the construction of a multi-purpose offshore vessel.

Lee Hong Liang, Asia Correspondent

October 21, 2015

1 Min Read
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In a statement, ZPMC said it “deeply regrets the unilateral termination of the contract” and will “actively take all legal measures to protect our legal rights, and to claim against the other party for any relevant responsibilities.”

Oil and gas firm Petrofac on 9 October terminated the contract with ZPMC, claiming that it has issues with ZPMC's performance relating to the newbuilding based on the proprietary design Petrofac JSD6000.

The shipbuilding contract was signed in January 2014 with delivery due in 2017.

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About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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