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Seatrium disputes Maersk’s termination of a $475M contract for a near-completed wind vessel, triggering London arbitration.
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.
The dispute follows Maersk’s October 9 termination, which Seatrium rejected, claiming the buyer is in repudiatory breach.
The vessel, 98.9% complete, was scheduled for delivery by January 30, 2026.
Arbitration will be held in London under LMAA rules, with no details on claims or relief sought.
Seatrium is seeking legal advice and will defend its position, with financial impact pending the outcome.
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Seatrium disputa la rescisión por parte de Maersk de un contrato de $ 475 millones para un buque eólico casi terminado, lo que desencadena un arbitraje en Londres.