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    Chinese yard delivers pipelayer

    Vessel & ROV News // June 29, 2001
    Yantai Raffles Shipyard in China has delivered the 26,000dwt pipelaying vessel Lan Jiang to CNOOC despite potential problems caused by the fact that Friede Goldman Halter (FGH), which sub-contracted the construction of the vessel to the Chinese yard, hasbecome bankrupt.

    FGH had previously delivered a letter to CNOOC rejecting the contract because of its difficulties. FGH filed for protection under Chapter XI of the US Bankruptcy Code in April of this year.

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