Saudi Arabia's National Chemical Carriers (NCC) has dropped the axe on more products tankers at troubled Korean yard SLS Shipbuilding.
The unit of National Shipping Co of Saudi Arabia (NSCSA) said delivery delays were behind the cancellation of the five 45,000-dwt vessels at the builder.
NCC is, however, due to receive $95m in deposit payments back from SLS as a result of the orders being quashed, a statement from its parent to the Saudi bourse read on Tuesday.
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