Seatrium, based in Singapore, said that the wind turbine installation vessel was 98.9% completed and built for Equinor’s Empire Wind.
Maersk confirmed the cancellation citing delays in construction.
Seatrium shares fell 6.5% in Singapore following the announcement.
The announcement is just the latest indication of the trouble that the U.S. Offshore Wind Industry has been experiencing. Donald Trump’s administration has promised to put an end to it.
Empire Wind became entangled in Trump’s attack on offshore wind early this year, when his administration issued an order to stop all work on the project for a period of one month. Equinor was not available to comment.
Seatrium Energy Pte. has confirmed that Maersk Offshore Wind has terminated the contract for new construction. Seatrium Energy (International) Pte. Ltd., formerly Sembcorp Marine Rigs & Floaters Pte. Ltd. in Singapore to build a Wind Installation Vessel, due to delays and construction issues,” Maersk spokesperson Caroline Knox stated in an email.
Seatrium stated that it was evaluating all options, including Empire Wind’s offer to purchase the vessel. The company also stated that it would take legal action if the contract was terminated. (Reporting and editing by Nichola Hardcastle; Elaine Hardcastle).
(source: Reuters)
