Offshore Wind Vessel Delivery Contract
Sector: Seaport • Location: New York, United States
Source: India Shipping News
Seatrium, a Singapore-based shipbuilder, reached a settlement with Denmark's Maersk to deliver an offshore wind vessel intended for a project off the coast of New York. The project was about 99.8% completed as of December 22, 2025. Maersk agreed to pay the balance of $360 million of the total $475 million contract price, with part of the payment structured as an interest-bearing credit arrangement
- Status
- Under Construction
- Sector
- Seaport, Wind, Warehouse, Commercial
- Location
- New York, United States of America
- Updated
- 22 Jul 2026
- Source
- India Shipping News
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Project Information
Participants
Company |
Status
Original status | near completion |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Seatrium, a Singapore-based shipbuilder, reached a settlement with Denmark's Maersk to deliver an offshore wind vessel intended for a project off the coast of New York. The project was about 99.8% completed as of December 22, 2025. Maersk agreed to pay the balance of $360 million of the total $475 million contract price, with part of the payment structured as an interest-bearing credit arrangement repayable through cash generated by the vessel. |
Original sector | Maritime |
Budget |
Location
Country | United States of America (USA) |
State | New York |
Source
Source | India Shipping News |
URL |
More Details
Record type | Project |
Sector | Seaport, Wind, Warehouse, Commercial |
Article published date | 2025-12-26 |
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