Seatrium Limited Stock News (SGX:5E2) on Dec. 23, 2025: Maersk Dispute Ends, Analysts Reaffirm Upside Targets
Seatrium Limited confirmed a settlement with Maersk Offshore Wind affiliate Phoenix II A/S, agreeing to deliver a wind turbine installation vessel by Feb. 28, 2026, for US$360 million. US$250 million will be paid via a 10-year, interest-bearing credit arrangement secured by a mortgage on the vessel. The dispute’s resolution follows contract termination in October. Seatrium shares traded around S$2.13 after the news.