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Marco Polo starts legal action in rig dispute

It is seeking refund of at least US$21.4m from SembMarine unit PPL Shipyard

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Published Tue, Nov 24, 2015 · 09:50 PM

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    Singapore

    MARCO Polo Marine has started the legal process to seek a refund of at least US$21.4 million from Sembcorp Marine (SembMarine) after the cancellation of a contract for a jack-up rig.

    Marco Polo Marine on Tuesday said that its subsidiary MP Drilling has initiated the contractual dispute resolution process against SembMarine's subsidiary PPL Shipyard, which is provided for under the contract signed between both parties.

    Marco Polo Marinesembcorp marine

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