Swire Projects transported 22 dismantled offshore crane components totaling 6,620 CBM from Ulsan, South Korea, to Seatrium shipyard in Singapore.
Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind after a US $475 million WTIV contract termination. The 98.9%-complete vessel was intended for Empire Wind 1 off New York.
DNB Carnegie suggests that Maersk Offshore Wind may exit the turbine installation segment following the cancellation of its $475 million newbuild WTIV for the Empire Wind project.
Maersk Offshore Wind has terminated its $475 million Wind Turbine Installation Vessel (WTIV) construction contract with Singapore’s Seatrium. The move comes as the vessel nears completion, triggering commercial and legal implications for both companies.
Seatrium has started steel cutting for Penta-Ocean’s 5,000-ton crane Heavy Lift Vessel, part of Japan’s offshore wind expansion strategy.
Seatrium Offshore Technology and Cochin Shipyard have signed an MoU to expand cooperation in offshore energy and MRO projects across India and Asia, supporting regional energy transition.
Seatrium has secured Approval in Principle from ABS for its FLEXHull™ 1500K-M FPSO, a next-generation deepwater production design engineered for flexibility, capacity, and sustainability.
Seatrium has divested its AmFELS Yard in Brownsville, Texas, to Karpowership affiliate Karpower Valley LLC for S$65 million, as part of a strategy to streamline operations and boost capital efficiency.
GATE Energy has been awarded the full commissioning scope for BP’s Kaskida Floating Production Unit, reinforcing its partnership with Seatrium on deepwater projects.
