US EditionSpanish Shipbuilder Defends Himself After Uruguay Cancels €82 Million OPV Contract
3 Articles
3 Articles
Spanish shipbuilder defends himself after Uruguay cancels €82 million OPV contract
Mario Cardama, owner of the Spanish shipyard tasked with building two Offshore Patrol Vessels (OPVs) for Uruguay, whose contract was canceled by Montevideo, insists that his company was also a victim of the bank backing the operation: EuroCommerce Limited.
Staff Unpaid, Contracts Cancelled, And Chaos Reigns As Unisa Enterprise Crumbles
[Image: Unisa] The University of South Africa’s troubled moneymaker, Unisa Enterprise (UE), has hit rock bottom. It has been evicted from its swanky Midrand offices over a whopping R3 million in unpaid rent. Sources say the university has finally cut the cash lifeline, refusing to cough up another cent after already pouring R70 million into the sinking ship, with, apparently, nothing to show for it. And the hits just keep coming. The university …
“If the business has as a guarantee a financial institution that has at least a small office of three meters by three meters, it is already a profit,” they say from the government.While the scandal over the paper company that the Spanish shipyard Cardama put in as a guarantee of its contract to build two ocean patrol boats still remains at the center of the agenda, another related problem is beginning to settle with force: how the Uruguayan stat…
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