Havyard has ditched a newbuilding contract with Fafnir Offshore after the owner failed to pay an additional pre-delivery instalment.
The shipyard said it would claim compensation for its losses and try to sell the $59m ship elsewhere.
Havyard and Fafnir mutually agreed to delay the vessel from March 2016 to June 2017 on condition that Fafnir would secure a long-term charter.
The Icelandic owner also agreed to pay an additional instalment to Havyard for the postponement of the platform supply vessel (PSV) but it failed to do so.
Havyard
