The wind turbine installation vessel, already 98.9% built, is meant to be deployed in a US offshore wind farm, Empire Wind 1.
A US$475 million vessel building contract won by Seatrium back in March 2022 has been terminated by the customer Maersk Offshore Wind, which put forward "allegations" that Seatrium did not elaborate in its announcement.
Seatrium's share price, following the announcement before market, was down 6.56% to $2.28.
