AsiaOffshore

CH Offshore reaches settlement with PDV Marina over chartering dispute

Photo of Jason Jiang Jason JiangJune 30, 2015
15 Less than a minute

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.

Photo of Jason Jiang Jason JiangJune 30, 2015
15 Less than a minute
Photo of Jason Jiang

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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