Seatrium and Maersk have reached a settlement regarding a contract dispute worth 600 million yuan | Lianhe Zaobao
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Seatrium and a subsidiary of Maersk have reached a settlement regarding a contract dispute over a $475 million offshore wind installation vessel project. According to the agreement, Seatrium Energy will deliver the vessel by February 28, 2026, and Maersk will pay the remaining contract amount of $360 million. Both parties have agreed to withdraw all legal actions, and the contract will remain in effect. Maersk may use credit arrangements provided by Seatrium (Singapore) to pay part of the contract amount, and Seatrium (Singapore) will hold a mortgage on the vessel
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