<div id="readability-page-1"><div>[SINGAPORE] Seatrium is starting its own arbitration proceedings against a Maersk Offshore Wind affiliate for the termination of a US$475 million contract that was inked in 2022.In a bourse filing on Saturday (Nov 29), the offshore, marine and energy specialist said it was seeking a declaration that the buyer wrongfully terminated the contract, confirmation that the contract remains valid, an order for the buyer to take delivery and pay the instalment due, and alternatively, for damages to be assessed.Seatrium added that 80 per cent of the contract price is to be paid upon delivery – a legacy structure from before Seatrium’s merger with Keppel Offshore &amp; Marine, which is unlike its usual milestone-based contract. The financial impact of the arbitration can therefore only be ascertained when the group has more visibility on the final outcome, it said. In early October, Seatrium received a termination notice for the contract with a Maersk affiliate for the construction of a wind turbine installation vessel at an US offshore wind farm. The project was scheduled to be completed in early 2025. On Oct 22, Seatrium said it rejected the notice of termination, stating that the Maersk affiliate was “in repudiatory breach of the contract”. It added that it “reserved all its rights against the buyer for wrongful termination”. Seatrium also sent a notice to the buyer that the vessel, which is 98.9 per cent complete, will be delivered on Jan 30, 2026. In response, the buyer had issued Seatrium a notice of arbitration over the contractual dispute. The notice stated that such disputes are to be referred to arbitration in London, in accordance with the current London Maritime Arbitrators Association terms.The arbitration notice did not contain any particulars of the alleged disputes, the buyer’s claims or the reliefs sought by the buyer, said Seatrium.Seatrium shares closed at S$2.15 on Friday, up 0.5 per cent or S$0.01, before the news.</div></div>

海庭

海庭正在对马士基离岸风电的一个关联公司提起仲裁，原因是 475 百万美元合同的终止。海庭寻求对错误终止的声明、合同的有效性以及付款的裁决。争议涉及一项风力涡轮机安装船项目，该项目几乎完成，交付定于 2026 年 1 月。仲裁将在伦敦进行。海庭的股价在消息公布前略有上涨

海庭将就 4.75 亿美元合同终止纠纷启动自己的仲裁程序