Seatrium faces arbitration with Maersk affiliate over wind vessel contract

Arbitration adds delivery and legal risks to Seatrium’s wind project

Seatrium Limited has received a notice of arbitration from a Maersk affiliate over a contract dispute involving a wind turbine installation vessel for the Empire Wind 1 project in the United States.

The notice, dated 21 October, follows Seatrium’s rejection of an earlier contract termination by Maersk’s unit, which the company said constituted a repudiatory breach. Seatrium said in a press release that the vessel remains on schedule for delivery by 30 January 2026.

The arbitration will be held in London under the London Maritime Arbitrators Association terms. The notice did not specify the buyer’s claims or relief sought.

Seatrium said it is seeking legal advice and will defend its position. The company added that the financial impact will depend on the arbitration’s outcome and that it will provide market guidance once there is greater clarity.