Seatrium, Maersk settle dispute over $475 million contract for offshore wind vessel
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Seatrium and Maersk have settled a dispute over a $475 million contract for an offshore wind vessel. Maersk will pay the remaining $360 million, with $250 million on a 10-year interest-bearing credit. Both companies will withdraw legal proceedings, considering financial impacts and risks. The project is 99.8% complete.
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