Aker Solutions wins Nordsee Ost arbitration in Germany

Aker Solutions has announce that it has received the final ruling from an arbitration tribunal in Germany in a proceeding between Aker Solutions and a German energy company regarding disputes under the Nordsee Ost offshore wind farm project.

The ruling entitles Aker Solutions to receive EUR67m ($80m), of which approximately EUR23m relates to interest.

The work was delivered by Kvaerner in 2013, before its merger with Aker Solutions. The arbitration proceedings were initiated regarding compensation for various changes to the work scope.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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