Edition:
United Kingdom

CH Offshore Updates On Arbitration Proceedings Brought By 3 Ship Brokers Against Co


Thursday, 22 Aug 2019 

Aug 23 (Reuters) - CH Offshore Ltd ::UPDATES ON ARBITRATION PROCEEDINGS BROUGHT BY 3 SHIP BROKERS AGAINST CO FOR UNPAID BROKERS' COMMISSIONS & DAMAGES OF US$3.7 MILLION.ARBITRATION TRIBUNAL DECISION HELD IN FAVOUR OF CLAIMANTS AND DISMISSED CO'S COUNTERCLAIMS.ARBITRATION AWARD IS EXPECTED TO HAVE A MATERIAL IMPACT ON CO'S CASH RESERVES AND PROFITABILITY FOR CURRENT FINANCIAL YEAR.ARBITRATION AWARD IS EXPECTED TO HAVE A MATERIAL IMPACT ON COMPANY'S CASH RESERVES AND PROFITABILITY FOR CURRENT FY. 

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16 Sep 2019