Oslo-listed floatel group Prosafe has won a $45m payout in a dispute involving the conversion of a tender support vessel (TSV).
Stavanger city court ruled in its favour against Westcon Yards of Norway.
The case was related to a "substantial cost overrun" of Westcon's price estimate for the conversion of the 25,383-gt Safe Scandinavia (built 1984), Prosafe said.
Westcon had claimed additional compensation of NOK 306m ($38.97m)
