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earlybird14 Supreme	27-Nov-2015 09:41        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	About time for temasek to form a new company to charter these rigs which are not able to deliver from sembmar and keppel. Both add up 20 over billion order book, big money, all the most paid 20%. sheerluck      ( Date: 27-Nov-2015 09:13) Posted: Nothing will be defect free so contract will have made provision for corrections sembmar so experience in building rig will not have signed a loose contract. MPM made a bad judgement and tried to wriggle their way out now have to pay the price.   nova900      ( Date: 27-Nov-2015 09:05) Posted: Mpm bought the rig betting oil prices would remain high. Now they have no use for the rig. Can't even pay even if they want. Either way they have to default on the contract. So might as well claim design defects and refuse to receive. Logically thinking where got such defects come out so late and they fail to catch it. Not like they first time build rig. Semb also mentioned if really got defect they have more than enough time to rectify it.
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sheerluck Supreme	27-Nov-2015 09:13        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Nothing will be defect free so contract will have made provision for corrections sembmar so experience in building rig will not have signed a loose contract. MPM made a bad judgement and tried to wriggle their way out now have to pay the price.   nova900      ( Date: 27-Nov-2015 09:05) Posted: Mpm bought the rig betting oil prices would remain high. Now they have no use for the rig. Can't even pay even if they want. Either way they have to default on the contract. So might as well claim design defects and refuse to receive. Logically thinking where got such defects come out so late and they fail to catch it. Not like they first time build rig. Semb also mentioned if really got defect they have more than enough time to rectify it. earlybird14      ( Date: 27-Nov-2015 08:57) Posted: This is not new design jackup rig from ppl, same design is available and operating at offshore now. Just the down payment already about same as marco polo market cap, how to expect they can pay the rigs which is 4 times of the rigs? Design fault is not found out till 96% is completed, if leg really crack like MP said, can request 3rd party to judge and change a new one, MP claim is all in, they can't pay, have to file bankruptcy, they fight with lawsuit, at least can drag, but sure loss de
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nova900 Member	27-Nov-2015 09:05        nova900 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mpm bought the rig betting oil prices would remain high. Now they have no use for the rig. Can't even pay even if they want. Either way they have to default on the contract. So might as well claim design defects and refuse to receive. Logically thinking where got such defects come out so late and they fail to catch it. Not like they first time build rig. Semb also mentioned if really got defect they have more than enough time to rectify it. earlybird14      ( Date: 27-Nov-2015 08:57) Posted: This is not new design jackup rig from ppl, same design is available and operating at offshore now. Just the down payment already about same as marco polo market cap, how to expect they can pay the rigs which is 4 times of the rigs? Design fault is not found out till 96% is completed, if leg really crack like MP said, can request 3rd party to judge and change a new one, MP claim is all in, they can't pay, have to file bankruptcy, they fight with lawsuit, at least can drag, but sure loss de. beginners      ( Date: 27-Nov-2015 08:46) Posted: If it is really a quality and design issues as mention by MPM also can not force MPM to accept the rig and make further payment.
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earlybird14 Supreme	27-Nov-2015 08:57        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	This is not new design jackup rig from ppl, same design is available and operating at offshore now. Just the down payment already about same as marco polo market cap, how to expect they can pay the rigs which is 4 times of the rigs? Design fault is not found out till 96% is completed, if leg really crack like MP said, can request 3rd party to judge and change a new one, MP claim is all in, they can't pay, have to file bankruptcy, they fight with lawsuit, at least can drag, but sure loss de. beginners      ( Date: 27-Nov-2015 08:46) Posted: If it is really a quality and design issues as mention by MPM also can not force MPM to accept the rig and make further payment.
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beginners Veteran	27-Nov-2015 08:46        beginners About Contact  Quote this Post!
x 0   x 0  Alert Admin	If it is really a quality and design issues as mention by MPM also can not force MPM to accept the rig and make further payment.
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nyde1d1th Veteran	27-Nov-2015 01:10        nyde1d1th About Contact  Quote this Post!
x 0   x 0  Alert Admin	go to court how to win against temasek like asking for trouble leh
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sheerluck Supreme	26-Nov-2015 22:59        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	MPM got Vivian Hsu.  Surely means something. ysh2006      ( Date: 26-Nov-2015 20:07) Posted: Sembmarine got Temasek behind Marco Polo got who behind...who lawyer can turn and fight better will win...but how come they can' t get money from Brazil har ... ecekca      ( Date: 26-Nov-2015 20:02) Posted: think will test again..
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granto Master	26-Nov-2015 21:20        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Prosafe may defer delivery of new accommodation vessel:  http://splash247.com/prosafe-may-defer-delivery-of-new-accommodation-vessel/
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ysh2006 Supreme	26-Nov-2015 20:07        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembmarine got Temasek behind Marco Polo got who behind...who lawyer can turn and fight better will win...but how come they can' t get money from Brazil har ... ecekca      ( Date: 26-Nov-2015 20:02) Posted: think will test again.. spore1      ( Date: 26-Nov-2015 11:37) Posted: Testing support at $2.10. Will it renounce again .
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ecekca Elite	26-Nov-2015 20:02        ecekca About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	think will test again.. spore1      ( Date: 26-Nov-2015 11:37) Posted: Testing support at $2.10. Will it renounce again .
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spore1 Supreme	26-Nov-2015 11:37        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Testing support at $2.10. Will it renounce again .
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granto Master	26-Nov-2015 09:39        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembcorp Marine and Marco Polo Marine continue fight over rig cancellation:  http://splash247.com/sembcorp-marine-and-marco-polo-marine-fight-over-rig-cancellation/
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ecekca Elite	25-Nov-2015 21:41        ecekca About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	everywhere oversupply spore1      ( Date: 25-Nov-2015 11:06) Posted: Is this a bad sign that client wanted to delay taking delivery of new rig ?Also with high chance of canceling orders granto      ( Date: 25-Nov-2015 09:44) Posted: North Atlantic Drilling looks to delay rig at Sembcorp:  http://splash247.com/north-atlantic-drilling-looks-to-delay-rig-at-sembcorp/
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edchai Veteran	25-Nov-2015 14:34        edchai About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Yes ... it' s a bad sign.  Also, the Brazil case is very worrying ..... keep fingers crossed
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spore1 Supreme	25-Nov-2015 11:06        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is this a bad sign that client wanted to delay taking delivery of new rig ?Also with high chance of canceling orders granto      ( Date: 25-Nov-2015 09:44) Posted: North Atlantic Drilling looks to delay rig at Sembcorp:  http://splash247.com/north-atlantic-drilling-looks-to-delay-rig-at-sembcorp/
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granto Master	25-Nov-2015 09:44        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	North Atlantic Drilling looks to delay rig at Sembcorp:  http://splash247.com/north-atlantic-drilling-looks-to-delay-rig-at-sembcorp/
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spore1 Supreme	25-Nov-2015 08:01        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tdy cont to go up with oil prices up 2.6% Miss the oppt yest hestitated to buy at $2.12.If not can make some $ Tdy. spore1      ( Date: 24-Nov-2015 12:04) Posted: Bounce off from 2.10 may see a technical rebounce
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ecekca Elite	24-Nov-2015 19:28        ecekca About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	does that affect semb marine?   granto      ( Date: 24-Nov-2015 19:04) Posted: Marco Polo starts legal proceedings against PPL Shipyard over cracked rig:  http://splash247.com/marco-polo-starts-legal-proceedings-against-ppl-shipyard-over-cracked-rig/
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ecekca Elite	24-Nov-2015 19:26        ecekca About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	yes agreed with the technical rebounce. oversold, might rebounce to 2.7 spore1      ( Date: 24-Nov-2015 15:47) Posted: Mkt rally.Up 9 cents spore1      ( Date: 24-Nov-2015 12:04) Posted: Bounce off from 2.10 may see a technical rebounce
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granto Master	24-Nov-2015 19:04        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Marco Polo starts legal proceedings against PPL Shipyard over cracked rig:  http://splash247.com/marco-polo-starts-legal-proceedings-against-ppl-shipyard-over-cracked-rig/
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