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    Broker confirms Boa newbuilds cancelled

    Vessel & ROV News // August 7, 2015

    Broker Westshore has confirmed that, following on from an arbitration ruling in June, Boa has cancelled its contract for two VS495 PSVs and has begun the process of recouping funds.

    The vessels, which are under construction at Nantong Mingde in China, had suffered significant delays. On top of that the yard filed for bankruptcy in December 2014.

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