Seatrium Successfully Delivers First-of-its-Kind Wind Turbine Installation Vessel (WTIV)

Key Points for Investors

• Seatrium Limited has successfully delivered a pioneering next-generation WTIV to Maersk Offshore Wind, marking a significant milestone in the offshore wind industry.
• The vessel features a 180-metre hook height crane capable of installing 15+MW class offshore wind turbines, positioning Seatrium at the forefront of global wind turbine installation technology.
• The WTIV incorporates a feeder-based installation design—a breakthrough solution that enhances efficiency, extends operational weather windows, and ensures compliance with the US Jones Act.
• The vessel is scheduled for its first deployment at the Empire Wind project offshore New York, supporting clean energy delivery to 500,000 homes.
• Zero Lost Time Injuries (LTIs) during the project highlight Seatrium’s robust safety culture and disciplined execution.
• Seatrium’s expanding offshore wind portfolio and engineering capabilities reinforce its strategic positioning as a key enabler of global net-zero ambitions.

Detailed Article

Singapore, 27 February 2026 – Seatrium Limited (“Seatrium” or the “Group”) announced the successful delivery of a state-of-the-art Wind Turbine Installation Vessel (WTIV) to Maersk Offshore Wind. The handover, completed on 26 February 2026, followed the vessel’s rigorous sea trials and readiness evaluations at Seatrium’s flagship Tuas Boulevard Yard. This achievement underscores Seatrium’s growing contribution to the global offshore wind industry and affirms its engineering prowess.

Innovative Vessel Design Sets New Industry Benchmark

Custom-engineered by Seatrium, this WTIV is specifically built to install some of the world’s largest offshore wind turbines—15+MW capacity—a technological leap that sets a new benchmark in offshore wind installation. The vessel features a 1,900-tonne main crane with a 180-metre hook height, allowing it to handle the heaviest and tallest turbine installations currently envisioned for offshore wind farms.

The construction programme encompassed precision heavy-lift operations, full system integration, and validation by international classification societies, ensuring world-class standards in reliability and performance.

Feeder-Based Installation Solution: Efficiency & Compliance

A standout feature is the vessel’s feeder-based installation design. This system enables the WTIV to receive wind turbine components via feeder vessels, which are stabilized for safe transfer even in high sea states. This innovative approach extends the vessel’s operational weather window, allowing for uninterrupted installations and significantly reducing both the total cost and time required for wind farm construction. Notably, this solution is US Jones Act compliant, opening up opportunities for deployment in the US market and other regions.

Operational Impact: First Assignment at Empire Wind

The WTIV will commence its first mission in March 2026 at the Empire Wind project offshore New York, a major renewable energy initiative set to provide clean and reliable power to 500,000 homes. This deployment is expected to play a pivotal role in the project’s success and could further enhance Seatrium’s reputation and market share in the North American offshore wind sector.

Safety Achievements

Throughout the project, Seatrium achieved zero Lost Time Injuries (LTIs), underscoring its commitment to safety and disciplined project management—a factor that should reassure investors and stakeholders regarding operational risk.

Strategic Business Positioning

Seatrium, headquartered and listed in Singapore, boasts over 60 years of expertise and operates in 15 countries with a workforce exceeding 24,000 employees. The Group’s expanding offshore wind portfolio—ranging from offshore substations and floating foundations to zero-emission vessels and specialised installation assets like WTIVs—strengthens its position as a critical player in the global energy transition.

Seatrium’s diversified business includes Oil & Gas Newbuilds and Conversions, Offshore Wind, Repairs & Upgrades, Carbon Capture & Storage, and New Energies. Its extensive product line includes FPSOs, FPUs, Offshore Converter Platforms, and a wide range of offshore installation vessels. The Group’s longstanding relationships with major energy companies, asset operators, and transmission system operators underscore its ability to deliver high standards of safety, quality, and timeliness.

Robust R&D capabilities and a culture of innovation, guided by values prioritising people, safety, and sustainability, position Seatrium to create enduring value for shareholders and stakeholders as it engineers towards a sustainable energy future.

Shareholder Relevance and Potential Price Sensitivity

• The successful delivery of a next-generation WTIV and its deployment in a high-profile US wind project could materially impact Seatrium’s reputation, order book, and revenue streams.
• Compliance with the US Jones Act positions Seatrium to capitalise on the burgeoning US offshore wind market, potentially opening new revenue channels.
• Zero LTIs and proven engineering capabilities may enhance investor confidence and reduce perceived operational risk.
• Continued expansion into offshore wind and new energies aligns Seatrium with global net-zero trends, possibly enhancing its attractiveness to ESG-focused investors.
• The vessel’s deployment at Empire Wind, a major US renewable energy project, could be a catalyst for future contracts and share price movement, especially given the increasing importance of offshore wind in global energy portfolios.

Contact Information

Amelia Lee
Head, Investor Relations and Corporate Communications
Tel: +65 6568 0300
Email: [email protected]

Clarissa Ho
Senior Manager, Investor Relations and Corporate Communications
Tel: +65 68030276
Email: [email protected]

Disclaimer

This article is intended for informational purposes only and does not constitute financial advice or a recommendation to buy or sell shares in Seatrium Limited. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions. The information provided is based on publicly available sources and may be subject to change.

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