Port of Antwerp Plans Namibia Hydrogen Harbor
(Bloomberg) — Port of Antwerp Bruges plans to develop a €250 million ($267 million) hydrogen and ammonia storage and export facility at the Namibian Port of Walvis Bay, together with...
Sembcorp Marine didn’t give details of the lawsuit in a statement to Singapore Exchange. In April 2010, PPL Holdings had rejected a S$59.4 million offer from Sembcorp Marine to buy the 15% stake in PPL Shipyard that it doesn’t already own, which led Sembcorp Marine to file the lawsuit in the following month.
According to a company statement on May 15, 2010, Sembcorp Marine had asked for a court ruling that would render its current joint venture agreement with PPL Holdings “no longer in force” and require the company to sell its minority stake in the venture to Sembcorp Marine.
-By Gaurav Raghuvanshi, Dow Jones Newswires
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