KEYFACT Energy
Seatrium refers to the announcement it made on 24 December 2021 in relation to an arbitration commenced in December 2021 against its wholly-owned subsidiary, Jurong Shipyard Pte Ltd, by MH Wirth.
The Company has agreed to pay US$68 million to the Vendor as full and final settlement to resolve the interest payable and all outstanding issues arising from the Award with the Vendor.
KeyFacts Energy Industry Directory: Seatrium