Hyundai Mipo terminates car carrier newbuilding contract

South Korean shipbuilder Hyundai Mipo Dockyard has announced the termination of a newbuilding contract for the construction of four pure car truck carriers (PCTC). The four 7,500 ceu vessels were ordered by an unnamed Marshall Islands-based owner back in 2015 for a total of $155m, and the owner later signed an agreement with the yard …

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