Port News & Information Mediterranean, Black & Caspian Seas

Algoma Central Corporation announces cancellation of Croatian shipbuilding contracts

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Pula, Croatia (PortSEurope) October 13, 2018 – Algoma Central Corporation, a leading provider of marine transportation services, has said it has taken steps to cancel the remaining four new build construction contracts with a Croatian shipyard. Algoma says there are doubts that the shipyard has the required financing to complete the work. Algoma will also seek…

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