POSH Takes Makamin to Court over Charter Fees

Offshore support vessels operator POSH Semco, a wholly-owned subsidiary of PACC Offshore Services Holdings (POSH), has launched legal action against Makamin Offshore Saudi (MOS) related to owed charter fees for three vessels.

The company is claiming a sum of SAR 24.4 million (USD 6.5 million) due from Makamin for the charters as well as charges for meals and accommodation and interest charges.

Additionally, the company initiated the process of serving court papers on Makamin “in relation to an application for a court order in the Kingdom of Saudi Arabia to compel Makamin to carry out their agreement to novate their sub-charters for two of the vessels to the group’s nominee,” POSH said in a statement.

POSH said it also served a notice to withdraw the third vessel from Makamin’s service, adding that it has the right to terminate the charter contracts for the three ships.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2020 >>
MTWTFSS
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 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >