On the evening of August 11, Jiangsu sainty marine announcement said, on August 9, owners to cancel contract 3 ship; August 11, the owner added cancel 11 vessels contract. After the cancellation of the 3 ship, and the ship owner ship sainty refundable prepayment and the corresponding interest totaling about $23900000. However, the latest 11 ships canceled, sainty ship has not announced the need to return the advance payment and the corresponding amount of interest.
Notice that, on 3 March 2015, company and Mingde, Runde shipping together as the seller is 4 ship 24600DWT stainless steel chemical boat business with the buyer signed a ship construction contract.
The ship construction contract, the contract shall come into force after the company has opened the bank's advance payment. Up to now, the above 4 24600DWT stainless steel chemical ship contract has not yet reached the entry into force.
August 9, 2015, the three ships 24000 tons of stainless steel chemical boat owners through the mail to the company, Ming De heavy and Runde shipping sent to cancel contract notice, inform us to cancel the contract of the ship.
In August 11, 2015, the owner or by mail to the company, Mingde and Runde sent new shipping notice to cancel the contract. In addition to above has been notified of the cancellation of the three ships 24000 tons of chemicals overboard, and added to cancel the company and related parties and the owner signed 11 aircraft 24600 tons of stainless steel chemical tanker contract. Notice that, due to the liquidation of the company has entered the bankruptcy liquidation procedures, according to the provisions of the contract, the owner has the right to cancel the contract. The ship owner shall notify the owner of the cancellation immediately.
It is understood, Jiangsu sainty marine and Mingde cooperate in shipbuilding, as seller together and the owner signed a ship construction contract, mainly including wood ship project, offshore platform supply ship project, dump / non self unloading ship project, project of stainless steel chemical tanker, 64000 tons of bulk cargo ship, barge projects 32 ship ship project.
Is specialized (focus) on Manufacturing & Developing the Technology of Welding & Cutting industrials.
And the industrial field enlarge to: Mold Maker, automotive, Pressure Vessel, Chemical Energy….
From 2010 Year, we cooperate with LG, Samsung to agent and sales on China market.
The beginning products is from the Recycle Chemical Resin: HDPE, LDPE, and LLDPE.
Now we have developing the more cooperate field with LG, Taita , Samsung….
On 2013 Year, we open the China Independent Corporation in China Shanghai:
Shanghai D&Z International Trading Co., Ltd.
And have the China Representative Office at Dalian, Zhuhai,
And the same year we set the Indonesia Representative Office in Surabaya.
It is enlarge out biz scope from Asia to East-Asia.
On 2014 Year, we register the “GSC” Brand for production the welding & cutting materials.
It is widely apply on the industrial fields.
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And we set the Japan Representative Office in Tokyo on 2014 Year.
On 2015 Year, we set the Brazil Representative Office in San Paulo.
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