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Seatrium sees gains after resolving Maersk dispute; 'Santa rally' beckons in US
The Straits Times
|December 29, 2025
Seatrium was one of the Singapore market's gainers last week after resolving its dispute with Danish shipping giant Maersk.
The offshore, marine and energy specialist saw its shares rise 3.4 per cent through the week to close on Boxing Day at $2.14.
Seatrium announced on Dec 22 that it had reached a resolution to deliver a wind turbine installation vessel to a Maersk affiliate in an agreement that ended a contract dispute with the buyer.
At stake is US$360 million (S$462 million), representing the remaining balance of the contract price that Seatrium said it would receive upon delivery of the vessel, which is 99.8 per cent completed.
Under the agreement, the Maersk affiliate was to pay part of the contract price - US$250 million - through an interest-bearing, 10-year loan extended by Seatrium.
Diese Geschichte stammt aus der December 29, 2025-Ausgabe von The Straits Times.
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