Under the agreement, Maersk affiliate\u00a0Phoenix II A\/S\u00a0agreed to take delivery and pay the remaining balance on the roughly\u00a0$475 million project, reversing an earlier contract termination that had triggered legal action from both sides.<\/p>\n
The vessel was originally ordered in\u00a0March 2022\u00a0for deployment at the\u00a0Empire Wind\u00a0offshore wind project<\/a> off New York. The project experienced regulatory turbulence in 2025 when the\u00a0Bureau of Ocean Energy Management temporarily halted construction, though the stop-work order was later lifted.<\/p>\n Designed for Next-Generation Turbines<\/p>\n Custom-engineered to install some of the world\u2019s largest offshore wind turbines, the WTIV features a\u00a01,900-tonne main crane\u00a0with a\u00a0180-meter hook height, allowing it to install\u00a015-megawatt-class and larger turbines\u00a0now being deployed in major offshore wind projects.<\/p>\n The vessel incorporates a\u00a0feeder-based installation system\u00a0designed to improve efficiency by allowing turbine components to be transferred from feeder vessels while offshore, extending installation windows even in more challenging sea states.<\/p>\n According to Seatrium, the configuration is also\u00a0compatible with U.S. Jones Act installation strategies, enabling the WTIV to work with U.S.-flagged feeder vessels for projects in American waters.<\/p>\n \u201cWith this state-of-the-art WTIV, we are proud to support our partner Maersk Offshore Wind in advancing the progress of the end customer\u2019s wind farm development,\u201d said\u00a0William Gu, Executive Vice President of Seatrium Energy (Marketing).<\/p>\n Deployment to Empire Wind<\/p>\n The vessel is scheduled to\u00a0sail in March for its first assignment at the Empire Wind project offshore New York, where it will help install turbines expected to supply electricity to\u00a0approximately 500,000 homes.<\/p>\n The project required an extensive construction program that included heavy-lift operations, integration of complex offshore installation systems, and validation by international classification societies.<\/p>\n Seatrium said the construction program was completed\u00a0without any Lost Time Injuries, highlighting the company\u2019s safety performance during the build.<\/p>\n Dispute Resolved<\/p>\n The delivery also closes the chapter on a dispute that erupted in\u00a0October 2025, when Maersk issued a notice terminating the vessel contract, alleging breaches by the shipbuilder. Seatrium rejected the termination and initiated arbitration, arguing the cancellation was wrongful.<\/p>\n Both parties ultimately reached a settlement in December that restored the contract and allowed the vessel to be delivered.<\/p>\n As part of the agreement,\u00a0$250 million of the remaining contract price was financed through a credit arrangement provided by Seatrium, secured by a mortgage on the vessel and backed by revenue from its future operations.<\/p>\n The completion of the project positions the vessel to join a limited global fleet of\u00a0heavy-lift installation ships capable of deploying the newest generation of offshore wind turbines, as developers race to build larger projects in the United States and Europe.<\/p>\n Editorial Standards<\/a> \u00b7 Corrections<\/a> \u00b7 About gCaptain<\/a><\/p>\n \t\t Sign up for gCaptain\u2019s newsletter and never miss an update<\/p>\n \u2014 trusted by our 107,412 members<\/p>\n","protected":false},"excerpt":{"rendered":"Singapore-based shipbuilder\u00a0Seatrium Limited\u00a0has delivered a next-generation\u00a0Wind Turbine Installation Vessel (WTIV)\u00a0to\u00a0Maersk Offshore Wind, marking the completion of a project…\n","protected":false},"author":2,"featured_media":38716,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[224],"tags":[245,22077,5334],"class_list":["post-38715","post","type-post","status-publish","format-standard","has-post-thumbnail","category-maersk","tag-maersk","tag-seatrium-limited","tag-wtiv"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116216825538642767","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/38715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=38715"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/38715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/38716"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=38715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=38715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=38715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"logo\"\/](\"https:\/\/gcaptain.com\/wp-content\/themes\/gCaptain-Theme\/assets\/images\/gcaptain-new-gray-logo.svg\"){kind=logo}
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