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Seatrium and Maersk settle $475M wind vessel dispute with $360M payment and 10-year repayment plan.
Singapore's Seatrium has settled a $475 million dispute with Maersk over an offshore wind vessel for a New York project, ending legal actions after Maersk terminated the contract in October due to delays.
Under the agreement, Maersk will pay $360 million in remaining contract value, with $250 million financed via an interest-bearing credit repayable over up to 10 years using vessel revenue.
The vessel is now 99.8% complete as of December 22, 2025.
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Seatrium y Maersk resuelven la disputa de buques eólicos por $ 475 millones con un pago de $ 360 millones y un plan de reembolso de 10 años.