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 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.

Related Posts