Overview
- On Oct 21, Seatrium received a notice of arbitration that refers the dispute to London under current LMAA terms.
- Seatrium says the arbitration notice did not specify the alleged disputes, the buyer’s claims, or the relief sought.
- The company rejected the termination on Oct 12, alleging repudiatory breach and reserving rights for wrongful termination.
- On Oct 20, Seatrium set delivery of the 98.9% complete wind turbine installation vessel for Jan 30, 2026.
- Maersk Offshore Wind previously attributed its cancellation to delays, while end-customer Equinor is assessing implications after a US stop-work order paused Empire Wind 1 earlier this year.