SINGAPORE – Seatrium said on Oct 10 that its customer Maersk Offshore Wind sent a notice of termination a day earlier for a US$475 million (S$616.7 million) contract to build a vessel that is already 98.9 per cent completed.

The company’s shares sank on the news, falling 6.2 per cent, or 15 cents, to $2.29 as at 9.26am, with 17.7 million shares traded.