STX France, French companies shipbuilding group STX Europe, has announced that it has terminated the contract with the Libyan company GNMTC (General National Maritime Transport Company) regarding the implementation of a cruise ship of 140,000 gross tons, construction has already been begun with delivery expected in late 2012 ( of June 10 , July 1 and December 23 , 2010, 26 April 2011).
By May 15 last GNMTC should have paid the payment of 25% of the value of the order and STX France stated that the termination of the contract was decided in consideration of payment of fees.
STX France has expressed confidence in the possibility of finding a new buyer for the ship and explained that due to insurance coverage, the termination will have a limited impact on financial results.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher