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Malaysian owner EA Technique has withdrawn its arbitration proceedings against offshore service provider Amaniaga Resources after the two parties reached a settlement.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