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Seatrium Limited ( (SG:5E2) ) has provided an announcement.
Seatrium Limited has announced that it received a notice of arbitration from Maersk Offshore Wind’s affiliate following a dispute over the termination of a contract for a Wind Turbine Installation Vessel intended for the Empire Wind 1 project in the U.S. Seatrium Energy (International) Pte Ltd, a subsidiary of Seatrium, rejected the termination notice and plans to deliver the vessel by January 2026. The arbitration will be conducted in London under the London Maritime Arbitrators Association terms, and Seatrium is preparing to defend its position. The financial impact of this situation remains uncertain, and the company will provide market guidance once the outcome is clearer.
The most recent analyst rating on (SG:5E2) stock is a Hold with a S$2.50 price target. To see the full list of analyst forecasts on Seatrium Limited stock, see the SG:5E2 Stock Forecast page.
More about Seatrium Limited
Seatrium Limited operates in the engineering and construction industry, focusing on the development of marine and offshore structures. The company specializes in building vessels and structures for the energy sector, with a market focus on offshore wind projects.
Average Trading Volume: 12,606,718
Technical Sentiment Signal: Sell
Current Market Cap: S$7.03B
For a thorough assessment of 5E2 stock, go to TipRanks’ Stock Analysis page.