Otto Offshore, part of Singapore’s Otto Marine, has filed an arbitration claim at the Singapore International Arbitration Centre (SIAC) against an unnamed shipyard for the construction of a maintenance work vessel.
“Among other things, the seller has failed to resolve outstanding defects and punch list items in accordance with its obligations, and has refused to allow an inspection of the vessel for [Otto Offshore] to to determine if the vessel is in a deliverable state,” Otto Marine said in a filing.
Otto’s subsidiary is seeking declaratory relief to ensure any defects are resolved before the vessel is delivered.
Meanwhile, Otto Marine is caught up in two other legal disputes, with a creditor filing an application to wind up its subsidiary Go Offshore due to $180,000 in unpaid debts. Separately, the firm is chasing Robert Knutzen Shipholding and Robert Knutzen for unpaid charter payments.