Sembcorp Marine goes into arbitration with Marco Polo Drilling

Sembcorp Marine goes into arbitration with Marco Polo Drilling

Sembcorp Marine has announced that its subsidiary PPL Shipyard has served a notice to commence arbitration proceedings against Marco Polo Drilling in order to solve a contract dispute between the two companies.

Marco Polo Drilling cancelled its order for a Pacific Class 400 jack-up drilling rig at Singapore’s PPL Shipyard, which MP said was due to the yard’s “failure to comply with certain of its material contractual obligations”.

However, Sembcorp Marine disagreed with the allegations from Marco Polo and regarded it as repudiatory breach of the contract.

Sembcorp Marine commenced an action in the Singapore High Court on December 2015 against the parent company of Marco Polo Drilling, Marco Polo Marine, the guarantor, for the amounts due under the contract.

Sembcorp Marine said it will make further announcement when necessary.

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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