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PPL begins action against Marco Polo in High Court

Marco Polo, guarantor of disputed US$214.3m contract, says no basis for legal action in Singapore courts


SAYING that Marco Polo Marine should fulfil its obligations as guarantor of a US$214.3 million rig-building contract that has now turned sour, Sembcorp Marine said its unit PPL Shipyard has commenced action against the marine logistics player in the Singapore High Court.