Stena Drilling wins arbitration case against Samsung Heavy

Sweden’s Stena Drilling has won an arbitration case with South Korean shipbuilder Samsung Heavy Industries regarding the termination of a rig construction contract. Stena Drilling ordered a semi-submersible rig at Samsung in 2013 and the contract was terminated by Stena in 2017 due to excessive delays. Samsung filed an arbitration against Stena, but the arbitration tribunal …

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