Seatrium has initiated arbitration proceedings in London against Phoenix II, an affiliate of Maersk, following a dispute over the construction of a wind turbine installation vessel for the Empire Wind I project in the USA.
The disagreement stems from Phoenix II’s notice of termination issued in October, which Seatrium rejected. The contractor considers the termination wrongful and maintains that the vessel contract remains in force. Construction of the vessel was almost complete at the time the client cancelled the agreement. Under the contract terms, 80% of the price is due on delivery.
Seatrium filed its notice of arbitration on 28 November under London Maritime Arbitrators Association rules. The company is seeking confirmation that the buyer wrongfully terminated the contract, a declaration that the agreement remains valid, and an order requiring the buyer to take delivery of the vessel in January 2026 or pay damages.
Phoenix II issued its own arbitration notice on 21 October but did not specify its claims. Seatrium said it will pursue its case and defend against any counterclaims. It added that the financial impact of the arbitration will depend on the eventual outcome and that further updates will be released when available.
