Petrobras files $249m lawsuit against Samsung Heavy over drillship contract

Petrobras files $249m lawsuit against Samsung Heavy over drillship contract

Brazil’s Petrobras has filed a lawsuit against South Korean shipbuilder Samsung Heavy Industries regarding a dispute over a drillship charter contract.

According to Samsung Heavy, Petrobras claimed that it paid excessive charter fees for a drillship delivered by Samsung Heavy to US shipowner Pride Global in 2011 and is demanding  KRW283bn ($249m) in damages.

Pride Global is an affiliate company of Ensco, which entered into arbitration with Petrobras and Samsung Heavy in 2016 due to a contract dispute relating to the 2011-built drillship Ensco DS-5 after Petrobras cancelled the contract over corruption allegations.

Samsung Heavy said it was not involved in the charter agreement signed between Petrobras America and Pride Global, saying it will actively counter the legal dispute.

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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