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Seatrium Limited ( (SG:5E2) ) has shared an announcement.
Seatrium Limited has received a notice of termination for a contract involving the construction of a Wind Turbine Installation Vessel for Maersk Offshore Wind, intended for the Empire Wind 1 project in the U.S. The project was nearly complete, and Seatrium is currently assessing the validity of the termination notice and exploring legal and commercial options, including potential legal action for wrongful termination. This development may impact Seatrium’s operations and its stakeholders are advised to exercise caution.
The most recent analyst rating on (SG:5E2) stock is a Buy with a S$2.80 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 sector, focusing on the construction of marine and offshore structures. The company, through its subsidiary Seatrium Energy (International) Pte Ltd, is involved in projects such as the construction of Wind Turbine Installation Vessels for offshore wind farms.
Average Trading Volume: 11,569,693
Technical Sentiment Signal: Hold
Current Market Cap: S$8.46B
For an in-depth examination of 5E2 stock, go to TipRanks’ Overview page.