Otto Marine, Mosvold Settle Disputes

Otto Marine Disputes about AHTS Terminated Contracts Ended

The Board of Directors of Otto Marine Limited announced that the Company and its subsidiaries and the Mosvold Supply Group have reached an amicable agreement to end the disputes and all the arbitrations between the two groups of companies arising out of the terminated contracts for four AHTS vessels constructed by the Otto Group.

The parties have agreed to settle without admission of liability and on a confidential basis.

To remind, Mosvold cancelled four AHTS orders after Otto failed to deliver vessels on time.

September 30, 2013


Share this article

Follow Offshore Energy Today


<< Nov 2015 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

SPE Oil and Gas India Conference and Exhibition 2015

The SPE Oil and Gas India Conference and Exhibition, multi-disciplinary technical conference with an exhibition showcasing state-of-the-art…

read more >

Oil and Gas Training

EI Oil and Gas Training offers a comprehensive programme of courses for the oil and gas industry, both as classroom training ranging…

read more >

Maritime Africa

– Building African maritime economies
– Improved African Maritime Domain Awareness
– Collaboration and Cooperation for a secure African Maritime Domain…

read more >

SAOGE 2015

The Event has shown steady growth since over the six editions and it continues to receive increased attendance both internationally…

read more >



For one of our clients we are looking for a Ships Electrician. Our client is a company with worldwide activities. You will work in a rotation of 4 till 6 weeks on and off.


Assistant Driller

Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.


QC Coordinator Offshore

Do you attach great importance to quality and do you have an affinity with offshore projects? Then read about what Van Oord can offer you.