DSIC wins arbitration case with Atlantica Tender Drilling

DSIC wins arbitration case with Atlantica Tender Drilling

Dalian Shipbuilding Industry (DSIC), an affiliate yard of China Shipbuilding Industry Corporation, has won an arbitration case against Atlantica Tender Drilling over disputes related to a shipbuilding contract.

Atlantica Tender Drilling ordered a heavy drilling tender barge at DSIC in 2012 and cancelled the order in 2016 after delaying the delivery a few times. The value of the order was $124m.

DSIC filed arbitration against Atlantica at LMAA which ruled in DSIC’s favor, asking Atlantica to compensate all the damages DSIC suffered from the cancellation of the shipbuilding contract.

Atlantica Tender Drilling operates three large drilling tender barges for tender assist drilling works, mainly in the Atlantic basin.

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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