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    Harland & Wolff and Global marine settle their differences

    News // February 14, 2003
    Harland & Wolff shipyard in Belfast in the UK and Global Marine have reached a settlement agreement over the cost of two drillships the yard built for Global.

    Sources suggest that the deal secures an interim payment of almost 70m and will see Harland & Wolff receive a further 5.5m.

    Another 1m is subject to a ruling on the costs of completing the arbitration process.

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