However, the sum is in addition to the US$108 million the Singapore International Arbitration Centre had ordered Seatrium to pay in April.
Seatrium has agreed to pay US$68 million ($91.6 million) to MH Wirth as the full and final settlement over contracts that were terminated in 2021 and 2022.
This will “resolve the interest payable and all outstanding issues arising from the award” with MH Wirth, says Seatrium in a May 21 bourse filing.
