Cosco Corp of Singapore has seen two newbuilding contracts terminated at the same time as stretching the delivery of another unit by three years.
The Singaporean shipbuilder has also adjusted its outlook for the third quarter and said it now expects a bigger loss.
An unnamed shipowner has cancelled the contracts for two floating accommodation units (FAUs).
The first FAU has been cancelled after the shipowner asked to amend the contract under new terms, which were not acceptable by Cosco Nantong.
Another
