Seatrium Ltd

5E2: XSES (SGP)
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Seatrium: Contract Termination Unlikely to Affect Long-Term Outlook; Valuation Unchanged

Seatrium has received a notice of termination from Maersk Offshore Wind for the construction of a Wind Turbine Installation Vessel intended for deployment at the US offshore wind farm, Empire Wind 1. The project, valued at SGD 610 million, is approximately 98.9% complete.

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