AsiaMiddle EastOffshore

Makamin and POSH dispute escalates

Singapore-listed PACC Offshore Services has announced that Saudi Arabia-based Makamin Offshore is claiming SAR220m ($58.6m) in alleged damages against a subsidiary of the company under a legal dispute between the two companies.

Makamin is claiming SAR100m as compensation for loss of charter contracts with Saudi Aramco and SAR30m for the expenses paid to bring and operate three vessels and SAR90m for loss of profit arising from a ban imposed on the company from working with Aramco for the next two years at a minimum.

POSH Semco filed a lawsuit against Makamin in Saudi Arabia in March in order to recover around SAR24.4m ($6.6m) in unpaid charter hire and expenses.

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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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