$Seatrium (S51.SG)$ Updates: Construction work on the Empire...

Stock Watch commented on a stock · Jan 4, 2024 08:57

Updates: Construction work on the Empire Wind 1 platform commenced in the fourth quarter of 2023. Empire Offshore Wind confirmed that the project contract “remains unaffected and continues as planned”, said Seatrium

The cancelled contract, valued at more than S$250 million, for the Empire Wind 2 project was part of a S$500 million contract inked in May 2023 to develop platforms for two offshore wind farms, Empire Wind 1 and 2.
Seatrium noted that the construction work on the Empire Wind 2 platform was expected to commence in June 2024, with minimal engineering work performed.🙏🙏

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