Seatrium Reaches Agreement With Maersk On Wind Turbine Installation Vessel Delivery
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Seatrium Limited's subsidiary, Seatrium Energy (International) Pte Ltd, has reached an agreement with Maersk Offshore Wind's affiliate Phoenix II A/S to deliver a Wind Turbine Installation Vessel by 28 February 2026. Phoenix II A/S will pay US$360 million, with US$250 million financed through Seatrium's credit facility. Both parties will withdraw arbitration proceedings. The project is 99.8% complete and is not expected to impact Seatrium's financials for 2025.
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