The vessel Havila Phoenix was delivered from the yard to Havila Shipping last week. After that the company sent notice of delivery to Phoenix International Inc as Charterer and requested the rest of their obligations corresponding to the charter agreement that was published to Oslo Stock Exchange at 29. August 2007.
The obligations not fulfilled, includes payment of mobilisation fee and guarantee from bank for an amount equal to 6 months hire, which Phoenix International Inc has rejected. The Contract is therefore cancelled.
The company is working on several possibilities for other contracts for the vessel.