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Seatrium starting own arbitration over contract termination
December 02, 2025
|The Straits Times
Seatrium is starting its own arbitration proceedings against a Maersk Offshore Wind affiliate over the termination of a US$475 million (S$615 million) contract inked in 2022.
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In a bourse filing on Nov 29, the offshore, marine and energy specialist said it is seeking a declaration that the buyer wrongfully terminated the contract, confirmation that the contract remains valid, and an order for the buyer to take delivery and pay the instalment due. Alternatively, it is seeking damages to be assessed.
هذه القصة من طبعة December 02, 2025 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Straits Times
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