Two Singapore units of Drydocks World LLC, the ship repair unit of state-owned Dubai World, which is attempting to restructure $24.9 billion of debt, were sued in Singapore’s High Court for not paying suppliers.
Drydocks World Singapore Pte and Labroy Shipbuilding & Engineering Pte, failed to pay S$6 million ($4.7 million) for goods sold and delivered between May and December, according to four complaints filed with the Singapore High Court. The cases had their first closed hearing yesterday.
Drydocks refused repeated requests to pay Beng Hui Marine Electrical Pte, Hoe Seng Huat Pte and Z-Power Automation Pte, according to the lawsuits of the Singapore-based suppliers.
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