$Seatrium Ltd(5E2.SI)$ Seatriu

Seatrium resolves US$475 mil contract dispute with Maersk. 🎉🎉

On Monday, Seatrium says it has reached an agreement for Maersk to take delivery of the vessel by Feb 28 2026.

Upon delivery, Maersk will pay the contract balance of US$360 million. Seatrium has already collected 20% of the contract price as down payment.

Both parties have agreed for Maersk to pay part of the contract price (US$250 million) via an interest-bearing credit arrangement extended by Seatrium’s subsidiary, Seatrium (SG) or SGS

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