MHB's served with notice of arbitration over Bokor Phase 3 subcontract, potential claim of RM57.3m
MALAYSIA Marine and Heavy Engineering Holdings Bhd (MHB) said that its wholly-owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), has been served with a notice of arbitration by Haumea Offshore Sdn Bhd (formerly Trans Fame Offshore).
The dispute relates to the subcontract for hook-up and commissioning works and marine vessels for the Bokor Phase 3 redevelopment project.
Haumea Offshore is claiming approximately RM57.3 million, including interest and costs.
MHB stated the arbitration poses no operational impact and MMHE will vigorously defend the claim while also considering a counterclaim. — TMR
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