tag:blogger.com,1999:blog-31603466396958206572011-07-29T02:34:55.128-07:00Exporttonorwayhttp://www.blogger.com/profile/07483398993898537526noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-3160346639695820657.post-67089844520285504302010-01-08T06:27:00.001-08:002010-01-08T06:27:33.257-08:00The Norwegian shipping group Odfjell has been awarded NOK 250 million (USD 43.76 million) in compensation from the Russian shipyard Sevmash, which failed to deliver 12 ships on time. <br />Basically, the shipyard failed to deliver Odfjell 12 ships contracted for in 2004. The first vessel was to have been delivered in 2007.<br />The contract was cancelled in 2008, without any ship delivered. The first vessel was by then 14 months behind schedule.<br />The Odfjell Group is satisfied that it won their main point, that of Sevmash being guilty of willful misconduct.<br />However, Odfjell say they are seriously disappointed about the damages awarded, only USD 43.76 million.<br />- This figure is but a fraction of the value of our lost bargain, and of our trading losses, the Group says in a press release<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3160346639695820657-6708984452028550430?l=exporttonorway.blogspot.com' alt='' /></div>Exporttonorwayhttp://www.blogger.com/profile/07483398993898537526noreply@blogger.com0