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 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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