ST Engineering: US Marine Subsidiary Involved In Arbitration Proceedings.

28 Feb 2017 10:48

Out of the damages claimed, the amount that was initially quantified by Hornbeck was approximately US$15.2m, about S$21.4m. Hornbeck subsequently revised the amount of quantified damages claimed to approximately US$43.5m, about S$61.3m, according to Hornbeck's preliminary damage calculation received by VT Halter Marine in December 2016...

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