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Seatrium - Sea of Hopes & Atrium of Surprises (II) Post Reply Rate topic
Louistan Senior	10-Oct-2025 17:16        Louistan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Due to the nature of its business, Seatrium faces more of such risks than the average listed company. This has happened quite often.  LoudShout      ( Date: 10-Oct-2025 17:03) Posted: Yes surprise and lost hope edwincel      ( Date: 10-Oct-2025 16:15) Posted: Never fail to surprise us over and over again.....quit!
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LoudShout Master	10-Oct-2025 17:03        LoudShout About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes surprise and lost hope edwincel      ( Date: 10-Oct-2025 16:15) Posted: Never fail to surprise us over and over again.....quit!
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edwincel Member	10-Oct-2025 16:15        edwincel About Contact  Quote this Post!
x 0   x 0  Alert Admin	Never fail to surprise us over and over again.....quit!
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shinkubonds Member	10-Oct-2025 15:30        shinkubonds About Contact  Quote this Post!
x 0   x 0  Alert Admin	How much of the 18.6B book order contracts are related to US wind power? BinderyT      ( Date: 10-Oct-2025 15:25) Posted: Not tariffs.   Trump doesn' t like wind power.   He said windmills causes cancer and kills birds and whales.   No, I not kidding. Observers      ( Date: 10-Oct-2025 13:15) Posted: Don't tell me it's related to Trump tariffs since it going to be operating in the US? Maybe got some expensive parts from China or ASEAN and are subject to US tariffs and the buyer and seller push here push there?
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BinderyT Elite	10-Oct-2025 15:25        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not tariffs.   Trump doesn' t like wind power.   He said windmills causes cancer and kills birds and whales.   No, I not kidding. Observers      ( Date: 10-Oct-2025 13:15) Posted: Don't tell me it's related to Trump tariffs since it going to be operating in the US? Maybe got some expensive parts from China or ASEAN and are subject to US tariffs and the buyer and seller push here push there?
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Observers Elite	10-Oct-2025 13:15        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't tell me it's related to Trump tariffs since it going to be operating in the US? Maybe got some expensive parts from China or ASEAN and are subject to US tariffs and the buyer and seller push here push there?
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ahbui8 Master	10-Oct-2025 11:30        ahbui8 About Contact  Quote this Post!
x 0   x 1  Alert Admin	hopeless counter RUN AH!!! YZJ will $1.50 more than Seatrim very soon.
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Jiyaji Senior	10-Oct-2025 10:39        Jiyaji About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most likely there would have been progresive payments. So not just 10% down payment. Maersk will fight to get some money back. It will be another sword hanging over thead for quite some time. Add to the long list .. Joyoftheworld      ( Date: 10-Oct-2025 09:23) Posted: Probably Marsk is trying to get back their 10% downpayment citing breach of contract. huattuatua      ( Date: 10-Oct-2025 09:14) Posted: Maersk also dam one kind, for such a huge contract, there usally has a clause of 5 to 10% of a retention sum to be realeased 1 yr later after the full completion, cant they just wait for seatrium to complete the remaining 1.X % before terminating the contract something just dunt seem right to me. unless its a very serious material breach of the contract that forces maersk to take such drastic action. just my point of view, dyodd
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LoudShout Master	10-Oct-2025 10:18        LoudShout About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree.  Not just terminate the contract, as indicated in the announcement, there are allegations together with the Notice. FATABA      ( Date: 10-Oct-2025 09:31) Posted: Be VERY careful about this ......it would not be resolve quickly ....any court case would be long .  Maersk ....a large company in this field knows what they are talking about and certainly have their reason/s to do this at the last moment .  Unfortunately , Seatrium wld be affected by this action. Be prepare for a long court case .  DYODD FATABA      ( Date: 10-Oct-2025 08:56) Posted: A US$475 million vessel building contract won by  Seatrium  back in March 2022 has been terminated by the customer Maersk Offshore Wind. The wind turbine installation vessel, already 98.9% built, is meant to be deployed in a US offshore wind farm, Empire Wind 1. Seatrium says it will explore viable solutions and is evaluating its legal and commercial options, including whether or not to contest the termination and to seek all available remedies.
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huattuatua Elite	10-Oct-2025 10:08        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	for all u know, they might have engaged another contractor to finish the job and let it run in the US. and meanwhile waiting for seatrium to sue them. MrBear12      ( Date: 10-Oct-2025 09:57) Posted: Don't worry about it. It's Maersk problem. They don't want the vessel it's really their problem. We built it, and you don't want it, so be it. Don't expect us to refund your money. Period
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eugesun Elite	10-Oct-2025 10:06        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, and with the extra penalty, Seatrium gain....good time to load up... MrBear12      ( Date: 10-Oct-2025 09:57) Posted: Don't worry about it. It's Maersk problem. They don't want the vessel it's really their problem. We built it, and you don't want it, so be it. Don't expect us to refund your money. Period
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MrBear12 Supreme	10-Oct-2025 09:57        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 1   x 0  Alert Admin	Don't worry about it. It's Maersk problem. They don't want the vessel it's really their problem. We built it, and you don't want it, so be it. Don't expect us to refund your money. Period
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Vestedin Member	10-Oct-2025 09:35        Vestedin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, run for now.  FATABA      ( Date: 10-Oct-2025 09:31) Posted: Be VERY careful about this ......it would not be resolve quickly ....any court case would be long .  Maersk ....a large company in this field knows what they are talking about and certainly have their reason/s to do this at the last moment .  Unfortunately , Seatrium wld be affected by this action. Be prepare for a long court case .  DYODD FATABA      ( Date: 10-Oct-2025 08:56) Posted: A US$475 million vessel building contract won by  Seatrium  back in March 2022 has been terminated by the customer Maersk Offshore Wind. The wind turbine installation vessel, already 98.9% built, is meant to be deployed in a US offshore wind farm, Empire Wind 1. Seatrium says it will explore viable solutions and is evaluating its legal and commercial options, including whether or not to contest the termination and to seek all available remedies.
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FATABA Supreme	10-Oct-2025 09:31        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 1  Alert Admin	Be VERY careful about this ......it would not be resolve quickly ....any court case would be long .  Maersk ....a large company in this field knows what they are talking about and certainly have their reason/s to do this at the last moment .  Unfortunately , Seatrium wld be affected by this action. Be prepare for a long court case .  DYODD FATABA      ( Date: 10-Oct-2025 08:56) Posted: A US$475 million vessel building contract won by  Seatrium  back in March 2022 has been terminated by the customer Maersk Offshore Wind. The wind turbine installation vessel, already 98.9% built, is meant to be deployed in a US offshore wind farm, Empire Wind 1. Seatrium says it will explore viable solutions and is evaluating its legal and commercial options, including whether or not to contest the termination and to seek all available remedies.
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Observers Elite	10-Oct-2025 09:30        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sibeh jialat. Seems like Trump bullying tactics are rubbering off their corporate titans boardrooms. Better get out of companies that make money from US mainland.
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huattuatua Elite	10-Oct-2025 09:26        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	as of now, about 1/2 a billion bucks has been wiped off from seatrium' s mkt cap
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Joyoftheworld Master	10-Oct-2025 09:23        Joyoftheworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	Probably Marsk is trying to get back their 10% downpayment citing breach of contract. huattuatua      ( Date: 10-Oct-2025 09:14) Posted: Maersk also dam one kind, for such a huge contract, there usally has a clause of 5 to 10% of a retention sum to be realeased 1 yr later after the full completion, cant they just wait for seatrium to complete the remaining 1.X % before terminating the contract something just dunt seem right to me. unless its a very serious material breach of the contract that forces maersk to take such drastic action. just my point of view, dyodd
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huattuatua Elite	10-Oct-2025 09:14        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maersk also dam one kind, for such a huge contract, there usally has a clause of 5 to 10% of a retention sum to be realeased 1 yr later after the full completion, cant they just wait for seatrium to complete the remaining 1.X % before terminating the contract something just dunt seem right to me. unless its a very serious material breach of the contract that forces maersk to take such drastic action. just my point of view, dyodd
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shinkubonds Member	10-Oct-2025 09:10        shinkubonds About Contact  Quote this Post!
x 0   x 0  Alert Admin	So u plan to enter at 1.8/1.9 only? Or may consider earlier? I cashed out @2.44/2.48 previously. Placed 2.3 but just removed them 😅 Chansenghoe1971      ( Date: 10-Oct-2025 08:22) Posted: Have I not posted the risk of contract termination or cancelation? This vindicated my silence on this thread. Not surprised to see more cancelation Sentiments will be negative from now on Back to 1.80/1.90 https://links.sgx.com/1.0.0/corporate-announcements/60PKG79R0SUEZCQF/50a3dd8c7edffe267220f1b567968119c28b0971bb454d665a3bb82e86d764fb
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LoudShout Master	10-Oct-2025 09:07        LoudShout About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sad, SEI is currently reviewing the validity of the Notice of Termination, as well as the allegations set out therein Another legal saga.... Joyoftheworld      ( Date: 10-Oct-2025 08:58) Posted: Possibly a write off loss of about S$500mil during year end results.
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