“We’ll vigorously defend,” Keppel Says After FPSO Arbitration Request

Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels. Keppel said this week that the unnamed claimant had withheld $11.3 million due to Keppel's subsidiaries under the FPSO engineering, procurement, and construction... Continue Reading →

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