DUTCH-BASED Atlantic Marine Services (AMS) has withdrawn proceedings against Ezion in the Singapore High Court.
AMS, an offshore services provider, told the Singapore Exchange yesterday it has agreed to discharge Ezion from all claims alleged in the suit.
The firm had accused Ezion of a conspiracy to induce an AP Moeller-Maersk unit to breach charter agreements.
Ezion said AMS had told it that it has new management and it intends to work closely with the group in supporting a common client in the North Sea.
THE construction group's unit Logistics Construction has won a $13.8 million contract from JTC Corporation. It involves alteration works to six conserved buildings and infrastructure projects at Park Lane, The Oval and Hyde Park Gate at Seletar Aerospace Park. Logistics Holdings said the contract has boosted the group's order book to $278.9 million.
THE competition watchdog has halted an investigation into whether Cordlife's exclusive arrangements with baby fair organisers and hospitals limit competition from other providers of cord blood bank services.
The decision came after Cordlife provided the Competition Commission of Singapore (CCS) with voluntary commitments to remove the arrangements that were the subject of the investigation, CCS said in a statement yesterday.
It added that Cordlife will ensure it does not have such exclusive deals with any baby fair or private maternity hospital in Singapore.