Seatrium says its Phoenix II A/S dispute is resolved, with WTIV delivery due 28 February 2026. Buyer pays a $360m balance, including $250m funded via SGS credit.
Cadeler launched the A-class WTIV Wind Ace at COSCO Qidong in China. Delivery is set for the second half of 2026, adding an 11th WTIV to its fleet as A-class newbuilds progress.
Dominion Energy confirmed commissioning delays on its $715M WTIV Charybdis but said the Coastal Virginia Offshore Wind project remains on schedule.
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.
DEME has taken delivery of its new wind turbine installation vessel Norse Wind, equipped for 15MW+ turbine installation and expanding the company’s offshore renewables fleet.
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.
