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Dutch company tried to hijack its’ ship under construction in Spain

Sept. 22, 2017 at 06:04 by Mikhail Voytenko in Maritime Security

La Naval Shipyard in Bilbao, Spain, is in the process of bankruptcy, with all assets, including ships under construction, frozen. One of the owners on such a ship, offshore cable layer LIVING STONE, Dutch company Tideway, tried to hijack the ship, which was to be completed in first half of 2017 (contracted was inked in 2015), but actually, is far from completion. Several people entered shipyard premises at night Sep 20, tasked with letting go mooring lines, while two Dutch tugs were to take LIVING STONE hull on tow. Those people were arrested, tugs were warned they can’t perform any towage in Bilbao port waters.
Situation with shipyard is at dead end, understood every asset which can be auctioned will be auctioned, but what ship owners are supposed to do, those who placed orders and paid money? They don’t count on compensation to be paid for overdue ships, they lost even hope their ships will be completed, all they want is to take the ships they own, in whatever condition those ships are. But they can’t. Situation is really, frustrating.
La Naval Shipyard is a private shipyard with more than 100 years history, 100% privately owned since 2006.
Cable laying ship LIVING STONE, GT 20000, length 161 meters, Fall Pipe Subsea Rock Installation System, Turntable capacity of 5,000 ton + 5,000 ton, Prepared for a 600 ton Crane, owner Dutch company Tideway, subsidiary of DEME Group, Belgium.

Dutch company tried to hijack its’ ship under construction in Spain

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