Offshore

Fredriksen company loses legal dispute with shipyard

Major South Korean shipbuilder Hanwha wins an arbitration case against John Fredriksen-controlled Northern Drilling regarding a cancelled order for two deepwater rigs.
The legal dispute centers on the cancellation of orders by Northern Drilling's two subsidiaries for two deepwater rigs at the Hanwha Ocean shipyard.
The legal dispute centers on the cancellation of orders by Northern Drilling's two subsidiaries for two deepwater rigs at the Hanwha Ocean shipyard.
by DAG HOLMSTAD

John Fredriksen-controlled Northern Drilling has lost an arbitration case to South Korean shipyard Hanwha Ocean - formerly known as Daewoo Shipbuilding & Marine Engineering (DSME).

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