Daewoo Shipbuilding Loses Rig Arbitration Case with Songa

SEOUL, Jul. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. lost in an international arbitration case over a rig spat, industry sources said Wednesday. In 2011, the major South Korean shipyard clinched a deal to build four semisubmersible drilling rigs for Songa Offshore SE of Norway. The South Korean rig builder launched the [...]