Singapore: Dutch offshore firm Atlantic Marine Services has dropped a legal case against Ezion Holdings, the Singapore company announced today.
AMS had accused Ezion of a conspiracy to induce Maersk Oil to breach charter agreements after Maersk Oil had cancelled contracts for three service rigs, chartered to AMS from Ezion, citing failure to meet contractual obligations.
AMS has now agreed to release and discharge Ezion from all claims that had been alleged, and due to a change in management at AMS it now intends to work closely with Ezion to support the operational requirements of Maersk Oil in the North Sea for the three service rigs.
Ezion reiterated its position that the claims were frivolous and without merit, and welcomed the development and will engage the new management of AMS.
