SembMarine shares slip after Marco Polo's update on rig dispute
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Singapore
SHARES of Sembcorp Marine slipped on Monday after a pre-market announcement by Marco Polo Marine that it has succeeded in its application for a stay of court proceedings in favour of arbitration over a claim involving a disputed rig construction contract.
The US$214.3 million contract was between SembMarine's unit PPL Shipyard and Marco Polo Drilling (I).
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