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SembMarine, Marco Polo headed for long tussle

MP Drilling unilaterally terminates US$214m job over defects and is seeking refund of deposit; PPL says contract still subsists and is calling for second disbursement

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Sembcorp Marine (SembMarine) and Marco Polo Marine could be in for a protracted tussle over a US$214.3 million rig construction contract, which would potentially result in the first cancellation of a jack-up rig building order commissioned to a Singapore-based rig builder during the last rig-building upcycle.

Singapore

SEMBCORP Marine (SembMarine) and Marco Polo Marine could be in for a protracted tussle over a US$214.3 million rig construction contract, which would potentially result in the first cancellation of a jack-up rig building order commissioned to a Singapore-based rig builder during

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