South Korean shipbuilder Samsung Heavy Industries Co. has won an arbitration case against Pacific Drilling VIII Ltd. (PDC) over a drill ship order cancellation in 2013. The shipbuilder is now likely to receive US$318 million in compensation over this case.
A tribunal in London on Wednesday favored the shipbuilder’s claims against Pacific Drilling VIII Ltd. (PDC), a subsidiary of US-based Pacific Drilling S.A., regarding the contract cancellation for the Pacific Zonda drill ship, according to...
https://safety4sea.com/samsung-heavy-likely-to-receive-compensation-over-drill-ship-cancellation/