Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Maersk Offshore Wind canceled a $475 million contract with Seatrium for a nearly complete wind turbine vessel, sparking legal review and share drops.

flag Maersk Offshore Wind terminated a $475 million contract with Singapore’s Seatrium to build a wind turbine installation vessel for the U.S. flag Empire Wind 1 project, despite the vessel being 98.9% complete. flag Seatrium said it is reviewing the termination’s validity and considering legal action, while its shares dropped up to 7.8%. flag The project, part of a larger offshore wind initiative, faces ongoing challenges due to shifting U.S. energy policies and economic pressures. flag Seatrium reported a 301% profit increase in the first half of 2025, but the termination may affect its near-term outlook.

7 Articles