Sembcorp Marine disagreed with the allegations from Marco Polo and regarded it as repudiatory breach of the contract.<\/em><\/a><\/p>\nSembcorp 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.<\/p>\n
Sembcorp Marine said it will make further announcement when necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s PPL Shipyard, which MP said was due …<\/p>\n","protected":false},"author":6,"featured_media":17515,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[80,60,63],"tags":[149],"yoast_head":"\n
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