Yinson’s US$1b Vietnam charter contract terminated amid China-Vietnam dispute

Yinson’s US$1b Vietnam charter contract terminated amid China-Vietnam dispute

The Edge Markets - Malaysia·2019-09-17 22:05

KUALA LUMPUR (Sept 17): Yinson Holdings Bhd’s 49%-owned joint venture in Vietnam for a charter contract worth US$1 billion over a 15-year period has been terminated due to a “prolonged force majeure event”, which is widely understood to be the overlapping claims in South China Sea between Vietnam and China.

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