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Issue 167: Seatrium tosses in offshore turbulence; Singapore greenlights novel green jet fuel model

This week in ESG: Cancelled job rocks Seatrium offshore wind business; Singapore adopts fixed-cost envelope approach to adopt sustainable aviation fuel

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Kenneth Lim

Kenneth Lim

Published Fri, Oct 17, 2025 · 07:00 PM
    • Almost all of Seatrium’s non-oil and gas order book as at end-June 2025 is in offshore wind.
    • Almost all of Seatrium’s non-oil and gas order book as at end-June 2025 is in offshore wind. ILLUSTRATION: KENNETH LIM

    Renewable energy

    Seatrium’s offshore headwinds

    The unexpected termination of a US$475 million contract highlights Seatrium’s exposure to the offshore wind sector and the turbulence that lies ahead.

    On Oct 10, Seatrium announced that Maersk Offshore Wind is terminating the contract for a Wind Turbine Installation Vessel (WTIV) intended for the Empire Wind I project in New York. Seatrium says it is evaluating its legal and commercial options.

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    ESG Insightsseatriumenergy transitionsustainable investingWind energySustainable aviation fuelAviationNet zeroESG

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