EA Technique settles FSO contract dispute with Amaniaga Resources

EA Technique settles FSO contract dispute with Amaniaga Resources

Malaysian owner EA Technique has withdrawn its arbitration proceedings against offshore service provider Amaniaga Resources after the two parties reached a settlement.

In March last year, EA Technique filed a RM27.4m ($6.6m) claim against Amaniaga for alleged breach of contract to provide services including transportation and offshore installation for a floating storage and offloading (FSO) vessel.

The company said it has reached an amicable resolution with Amaniaga towards a full and final settlement of RM600,000 ($146,000).

In July last year, EA Technique also entered a settlement with Malaysia Marine and Heavy Engineering (MMHE) for a dispute related to the conversion of an oil tanker into a FSO.

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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