Reuters: Bankruptcy News: DFDS cancels P+S Werften ship orders

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

DFDS cancels P+S Werften ship orders Sep 13th 2012, 09:44 COPENHAGEN, Sept 13 | Thu Sep 13, 2012 5:44am EDT COPENHAGEN, Sept 13 (Reuters) - Danish ferry and freight shipping operator DFDS has cancelled orders for two vessels from insolvent German shipyard P+S Werften, DFDS said on Thursday. P+S Werften, which runs two of Germany's biggest shipyards, filed for insolvency at the end of August. Cancelling the orders for the roll-on/roll-off vessels, which were placed with P+S Werften's Stralsund yard in November 2010, ends DFDS' commitment for new vessels worth about 1.0 billion Danish crowns ($172.89 million), DFDS said in a statement. "The payments that have been made to the shipyard are covered by a bank guarantee," DFDS said. Possible one-off costs that may result from the cancellation cannot yet be determined, DFDS said. ($1 = 5.7840 Danish crowns) (Reporting by John Acher)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions