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

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

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