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CH Offshore files lawsuit against subsidiaries of PDVSA

Singapore-based CH Offshore has commenced legal proceedings against the subsidiaries of Venezuelan state oil firm PDVSA over unpaid charter fees amounting to approximately $56m from two anchor handlers.

Lee Hong Liang, Asia Correspondent

October 14, 2013

1 Min Read
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The pair of anchor handling tug supply (AHTS) vessels involved are the 2007-built, 12,240 bhp Amethyst and the 2007-built, 12,240 bhp Turquoise.

CH Offshore said it is seeking to recoup the unpaid charter fees from PDV Marina and Astilleros De Venezuela, via a legal proceeding lodged in London.

“The company had arrested vessels belonging to PDV Marina as security for its claim. PDV Marina has made payment of $70m into court as security for the company's claim including interest and costs. Accordingly, the company has released PDV Marina's vessel,” CH Offshore said in a statement.

In September, Singapore-listed CH Offshore has secured fresh three-year bareboat charters for the two AHTS vessels, with purchase option at the end of the chartering period.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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