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Seatrium to start its own arbitration in US$475 million contract termination dispute
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Seatrium is initiating arbitration against a Maersk Offshore Wind affiliate over a US$475 million contract termination. Seatrium seeks a declaration of wrongful termination, contract validity, and payment. The dispute involves a wind turbine installation vessel project, nearly complete, with delivery set for Jan 2026. The arbitration will occur in London. Seatrium shares rose slightly before the news.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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