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    Harland & Wolff wins drillship appeal

    News // June 15, 2001
    Harland and Wolff has won a judgement at the Court of Appeal in London over the outstanding delivery instalment payable on the deep water drillship Glomar Jack Ryan.

    The judgement ruled that Global Marine must pay Harland & Wolff the $27 million and 3.3 million originally awarded at arbitration.

    The vessel was completed in July 2000, but Global Marine withheld final payment on the grounds that delivery had been delayed.

    However, the long running saga would not seem to be over just yet - Global Marine says it plans to take the decision to House of Lords, the highest court in the UK.

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