Dubai shipowner Tomini Shipping has torn up a contract for a delayed kamsarmax bulker on order at Taizhou Kouan Shipbuilding in China.
But the company could still end up taking on a third ship in the series of 82,000-dwt vessels.
Tomini was said earlier this year to have cancelled the contract for the first ship, the Tomini Nobility, but then renegotiated a new price and took delivery of the vessel this month.
