Seatrium shares hit after customer terminates $610m contract for almost completed wind vessel

Seatrium shares hit after customer terminates $610m contract for almost completed wind vessel

Seatrium shares sank 7 per cent to $2.27 as at the midday trading break, with the stock the most heavily traded by value. Read more at straitstimes.com.

Maersk Offshore Wind Terminates $475M WTIV Order with Seatrium

Singapore-based offshore contractor Seatrium has received a termination of the $475 million contract for the construction of a Wind Turbine Installation Vessel (WTIV) that was set for deployment at Equinor's Empire Wind 1 offshore wind farm…

Seatrium: $475M Wind Vessel Contract Lost & Terminated - Archyworldys

Seatrium Faces Major Setback as Wind Vessel Contracts Terminated Singapore-based Seatrium, a leading offshore and marine engineering group, is reeling from the… The post Seatrium: $475M Wind Vessel Contract Lost & Terminated appeared first on Archyworldys.

Seatrium shares plunge up to 7.8% on US$475 million Maersk Offshore Wind contract termination

This development will likely have a negative near-term impact on the stock, says Citi analyst Luis Hilado