CH Offshore reaches settlement with PDV Marina over chartering dispute

CH Offshore reaches settlement with PDV Marina over chartering dispute

Singapore: Singapore-based CH Offshore, part of Falcon Energy Group, has announced that it has reached a settlement with PDV Marina, an affiliate company of Venezuela’s state oil firm PDVSA.

CH Offshore started legal actions against PDV Marina and Astilleros De Venezuela in 2013, in an effort to recover unpaid chartering fee from two AHTS vessels the Amethyst and the Turquoise.

CH Offshore said PDV Marina has made payment of $60m to the company in full and final settlement of the claim without admission of liability.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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