AsiaOffshore

Vallianz dragged into Swiber-linked lawsuits

Vallianz Holdings’ erstwhile link to bust Swiber Holdings continues to hurt. Vallianz is facing two lawsuits in India over a project that involved Swiber Offshore (India) and India’s state-run Oil and Natural Gas Corporation (ONGC).

Furthermore, Vallianz Offshore Marine and an indirect subsidiary have been named as defendants – along with Swiber Offshore Construction and Newcruz Offshore Marine – in a lawsuit by ASL Shipyard Indonesia.

Swiber, which had a 25% stake in listed Vallianz, sought judicial management at the end of July.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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