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.