Mainboard-listed Seatrium has successfully delivered a wind turbine installation vessel (WTIV) to Maersk Offshore Wind on Feb 26, following successful and timely completion of sea trial activities and final readiness evaluations at Seatrium’s flagship Tuas Boulevard Yard.
The WTIV is the first-of-its-kind and is custom-engineered and built by Seatrium to install some of the world’s largest offshore wind turbines. Equipped with a 180-metre hook height, the crane supports the installation of 15+MW-class turbines.
With a stabilising system to hold feeder vessels for the transfer of offshore wind components in high sea states, the WTIV enhances installation efficiency by extending the operational weather window, ensuring the WTIV can carry out uninterrupted installations, improving operational efficiency and reducing total cost and time of installation.
According to Seatrium, the feeder-based installation solution is US Jones Act compliant and can also be deployed in other geographies. The WTIV is due to sail in March 2026 for its first assignment at the Empire Wind project offshore New York, where it will play a pivotal role in advancing the wind farm’s mission to deliver clean energy to 500,000 homes.
Seatrium Energy executive vice president of marketing William Gu says, “This state-of-the-art WTIV represents a major step forward in pushing the possibilities for global offshore wind.
“As the world scales renewable energy at unprecedented speed, we remain dedicated to delivering innovative, future ready solutions that drive the next generation of offshore wind development.”
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Seatrium adds that the project achieved zero lost time injuries, indicating its focus on workplace health and safety and disciplined project execution.
In October 2025, Maersk cancelled the US$475 million contract for the WTIV. At that point in time, the vessel was nearly 99% completed. The dispute was successfully resolved in December 2025.
Earlier on Feb 26, Seatrium reported earnings of $324 million for year ended Dec 31, 2025. This was double the previous year. The stronger performance was attributed to higher revenue and improved margins.
Shares in Seatrium closed at $2.28, seven cents, or 3.2% higher, on Feb 26.
