Coastal Contracts files claims of RM23mil against vessel builders


KUALA LUMPUR: Coastal Contracts Bhd’s unit Thaumas Marine Ltd (TML) is claiming US$5.65mil (RM23.25mil) plus other damages the Singapore International Arbitration Centre deems fit from the builder and cobuilder of a jack-up drilling rig that it bought earlier this year.


Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit opens lower against US$ amid Middle East tensions
FBM KLCI stays firm, but profit-taking pressures mount
Trading ideas: Sime Plantation, Sapura Energy, Power Root, OCK, Pekat, Yinson, Mobilia, Siab, Ireka
Loan growth of 7% for CIMB
Awantec to bank on synergistic offerings
Dayang on course for strong performance this year
Semiconductor industry offers chance for growth
Tasco’s diversity provides strong growth prospects
FBM KLCI’s bullish momentum
OCK in Laos tower leasing agreement

Others Also Read