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Seatrium Limited (SMBMF)
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- The Edge Singapore
Seatrium to pay US$108 million to vendor following arbitration ruling
Additional interest costs will be determined
- PR Newswire
Akastor ASA: Arbitration award received on the DRU contracts
MHWirth AS ("MHW") has received an arbitration award issued by a tribunal under the rules of the Singapore International Arbitration Centre (SIAC) in a dispute with Jurong Shipyard Pte Ltd ("Jurong") arising out of Jurong's termination of four Drilling Rig Unit ("DRU") contracts, whereby MHW has been awarded an amount of USD 101,359,024 as payment of termination fees ("Termination Fee"). In addition, MHW has been awarded reimbursement of legal costs and certain suspension costs (total about USD
- The Edge Singapore
Seatrium and A*STAR to partner in new energies and AI exploration for offshore and marine uses
The collaboration combines Seatrium’s insights within the O&M sector with the research capabilities of A*STAR.
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