- China State Shipbuilding Corporation (CSSC) settled a dispute with Norwegian owner Torvald Klaveness.
- The torsional vibration damper dispute was settled with CSSC paying $875,000 to Torvald Klaveness.
According to an article published in Splash247, China State Shipbuilding Corporation (CSSC) has settled a dispute with Norwegian owner Torvald Klaveness relating to deficiencies on a bulker built by CSSC Chengxi.
Torsional vibration damper issues on Balto
Torvald Klaveness reported that the 2013-built, 71,400 dwt panamax bulker Balto had torsional vibration damper issues shortly after delivery.
With respect to this, they also filed an arbitration against CSSC Chengxi and supplier Doosan in 2016.
CSSC paying $875,000 for settlement
Following several rounds of negotiations, the dispute was settled with CSSC paying $875,000 to Torvald Klaveness.
The vessel was sold to Canadian owner CSL in 2016 and renamed CSL Tarantau.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Splash247
