Sembcorp, BNP Reach Settlement Agreement

Sembcorp Marine wishes to announce that its subsidiary, Jurong Shipyard, has reached agreement with BNP Paribas for a full and final amicable settlement of their claim of US$50.7 million, strictly on commercial basis.

Arising from the settlement, a charge of approximately US$30 million will be taken in the fourth quarter of 2008.

 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours