CH Offshore Ltd. (SG:C13) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
CH Offshore Ltd. has secured a fourth final partial award from arbitration, tipping the total awarded to the company for unpaid charterhire, including interest, to US$3.0 million. This latest award acknowledges the full charterhire rate, rather than the standby rate previously used, significantly increasing the sum owed to the company. As the decisions of the arbitral tribunal are final and not subject to appeal, CH Offshore is now focusing on the recognition and enforcement of the awards, while urging shareholders to trade cautiously.
For further insights into SG:C13 stock, check out TipRanks’ Stock Analysis page.