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seatrium

Companies & Markets

Seatrium unit faces 130 million euros in claims from consortium partner amid arbitration proceedings

Seatrium adds that it is currently ‘unable to definitively ascertain the financial impact, if any’

Trump has repeatedly said that he would block new wind projects, saying without evidence that “they ruin the environment; they kill the birds, they kill the whales”.
Companies & Markets

Seatrium end-customer gets reprieve after judge rejects Trump’s wind farm ban

Empire Wind developer Equinor says it would lose over US$1 billion in contracts if the project does not restart soon

Upon delivery of the vessel by Feb 28, 2026, Seatrium will receive upfront payment of about US$110 million.
Companies & Markets

End-buyer of Seatrium-Maersk vessel caught in Trump’s stop-work order

Singapore company expects vessel to be delivered as agreed in recent settlement with Danish shipping giant

Both parties involved in this matter will withdraw and discontinue all legal proceedings following Monday’s announcement, with the contract in full force and effect.
Companies & Markets

Seatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery

Part of the amount will be paid using an interest-bearing credit arrangement

Seatrium has reached an agreement with a buyer, Maersk Offshore Wind’s affiliate Phoenix II, for it to pay the balance of its contract price upon delivery of a vessel.
Companies & Markets

Stocks to watch: Seatrium, CNMC Goldmine, Singapore Paincare

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 22):

Seatrium expects sustained demand for oil and gas assets from rising global energy consumption, especially from data centres and artificial intelligence technologies.
Companies & Markets
BROKERS’ TAKE

Seatrium back on track with estimated S$2 billion TenneT order: analysts

The latest contract lifts the total value of its new wins in FY2025 past S$4 billion

The contract is for the delivery of a major part of BalWin5, a 2.2 GW offshore high-voltage, direct-current grid connection.
Companies & Markets

Seatrium consortium bags major contract with TenneT to link Germany’s grid with North Sea wind power

This brings Seatrium’s value of new wins for FY2025 to over S$4 billion to date

Seatrium has announced it was starting its own arbitration proceedings against a Maersk Offshore Wind affiliate.
Companies & Markets

Stocks to watch: Low Keng Huat, Centurion, Manulife US Reit, Seatrium, Wilmar, LHN

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 1):

Seatrium is seeking a declaration that the buyer wrongfully terminated the contract, among other things.
Companies & Markets

Seatrium to start its own arbitration in US$475 million contract termination dispute 

The contract, which is 98.9% complete, is for the construction of a wind turbine installation vessel in a US offshore wind farm

The Tiber FPU will share more than 85% of its design with the Kaskida FPU (pictured).
Companies & Markets

Seatrium bags new BP contract; lifts order book to more than S$2 billion

The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP

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