Seatrium completes the S$65 million ($51.2m) sale of its Brownsville, Texas AmFELS yard to a Karpowership-related party, shifting its U.S. focus to engineering and technology support.
Seatrium and GE Vernova have secured TenneT’s BalWin5 2.2 GW offshore grid connection in Germany, lifting Seatrium’s 2025 orders above S$4 billion (US$3.08 billion) with commissioning planned in 2032.
Seatrium Offshore Technology has secured a repeat contract from International Maritime Industries for Kingdom 4, a LeTourneau Super 116E Class jack-up rig, deepening offshore drilling cooperation in the Kingdom.
Seatrium unit SEI and Maersk affiliate PHOENIX II A/S have entered London arbitration over a cancelled $475 million WTIV for Empire Wind 1, with SEI seeking rulings on wrongful termination and contract validity.
Seatrium secures its second deepwater FPU contract from BP for the Tiber Floating Production Unit (FPU) project, marking a continued partnership between the two companies in the Gulf of America.
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.
