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flag Seatrium disputes Maersk’s termination of a $475M contract for a near-completed wind vessel, triggering London arbitration.

flag Seatrium has been notified of arbitration by Maersk Offshore Wind over the termination of a $475 million contract for a nearly complete wind turbine installation vessel for Equinor’s Empire Wind 1 project. flag The dispute follows Maersk’s October 9 termination, which Seatrium rejected, claiming the buyer is in repudiatory breach. flag The vessel, 98.9% complete, was scheduled for delivery by January 30, 2026. flag Arbitration will be held in London under LMAA rules, with no details on claims or relief sought. flag Seatrium is seeking legal advice and will defend its position, with financial impact pending the outcome.

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