Seatrium receives termination notice for $610m WTIV project

The project is approximately 98.9% completed.

Seatrium Energy International Pte Ltd (SEI) received a notice of termination for its construction of a $610m wind turbine installation vessel (WTIV) for Maersk.

The project, located at the Empire Wind 1 offshore wind farm in New Jersey, USA, is approximately 98.9% completed, SEI said in a bourse filing.

SEI said that it will explore viable solutions with Empire Offshore Wind LLC.

“SEI is currently reviewing the validity of the notice of termination, as well as the allegations
set out therein,” SEI said.

The firm also said that it is evaluating its legal and commercial options in respect of the
contract and its right to contest the termination notice.

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia