logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Investor Insights Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back
First   < Newer   1501-1520 of 6385   Older>   Last  
Latest Forum Topics / Seatrium    Last:0.091 --  Post Reply
SembM Re-Born Rich
simpleguy123
Elite
02-Jan-2024 17:50     
 
simpleguy123 About Contact  Quote this Post! Style: Combined   Mood: peace
  x 0
  x 0

 Alert Admin 		If the deal is announced after the period of reporting, then likely its booked for the next round of reporting. I'm thinking this win is for FY 2024?

pkli899      ( Date: 02-Jan-2024 13:37) Posted:

I wonder the latest contract won is booked as 2023 or 2024 win?
 Useful To Me  Not Useful To Me
newbie1118
Master
02-Jan-2024 17:18     
 
newbie1118 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Promising new year. Shortist cover up at closing. Tomorrow will be very interesting. 
 Useful To Me  Not Useful To Me


spec008
Veteran
02-Jan-2024 17:12     
 
spec008 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Look at the last minute buy up at 12 cents.. Huat ah tommorow...
 Useful To Me  Not Useful To Me
pkli899
Supreme
02-Jan-2024 13:37     
 
pkli899 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		I wonder the latest contract won is booked as 2023 or 2024 win?
 Useful To Me  Not Useful To Me
pkli899
Supreme
02-Jan-2024 13:21     
 
pkli899 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Actually, if I read correctly, the 2 recent loans secured are not fresh ones.
One is refinancing existing one to a green loan.
The other is a just a revolving facility not outright cash loan.
Nevertheless, these still show the banks&rsquo confidence in Seatrium.
 Useful To Me  Not Useful To Me


eugesun
Elite
02-Jan-2024 11:09     
 
eugesun About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Bank also need to make money, they don't loan for lost money...must be some good projects to back up the loan.

rlong8288      ( Date: 02-Jan-2024 10:48) Posted:

My point is at least there are banks willing to extend loans

eugesun      ( Date: 02-Jan-2024 10:38) Posted:

Happy New year 🎉 ✨ ️ 💛 🤗 , secured loan also means there are many projects in pipelines need cash to complete. Hold long for retirement..
 Useful To Me  Not Useful To Me
rlong8288
Master
02-Jan-2024 10:48     
 
rlong8288 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		My point is at least there are banks willing to extend loans

eugesun      ( Date: 02-Jan-2024 10:38) Posted:

Happy New year 🎉 ✨ ️ 💛 🤗 , secured loan also means there are many projects in pipelines need cash to complete. Hold long for retirement...

huattuatua      ( Date: 30-Dec-2023 11:19) Posted:

pang sim l
 Useful To Me  Not Useful To Me
eugesun
Elite
02-Jan-2024 10:38     
 
eugesun About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Happy New year 🎉 ✨ ️ 💛 🤗 , secured loan also means there are many projects in pipelines need cash to complete. Hold long for retirement...

huattuatua      ( Date: 30-Dec-2023 11:19) Posted:

pang sim la

share456      ( Date: 29-Dec-2023 19:20) Posted:

very jialat, Seatrium keeps borrowing money again !

Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Charted

https://www.theedgesingapore.com/news/company-news/seatrium-subsidiary-secures-500-mil-revolving-credit-facility-dbs-hsbc-and
 Useful To Me  Not Useful To Me


eugesun
Elite
02-Jan-2024 10:29     
 
eugesun About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Must be greedy...200 dollars..lol..

newbie1118      ( Date: 29-Dec-2023 17:08) Posted:

118 Next year sure HUAT BIG BIG
 Useful To Me  Not Useful To Me
eugesun
Elite
02-Jan-2024 10:22     
 
eugesun About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		200 dollars, all walls collapse...lol...BB is turning to bull in 2024...huat ahhh

Chansenghoe1971      ( Date: 02-Jan-2024 07:32) Posted:

Good start towards 20 cents.

https://links.sgx.com/1.0.0/corporate-announcements/FNA5KMQAKSCZSQ7N/781959_Announcement_2%20Jan%202024.pdf
 Useful To Me  Not Useful To Me
Eagle88
Supreme
02-Jan-2024 10:02     
 
Eagle88 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Eagle88      ( Date: 02-Jan-2024 10:01) Posted:

Seatrium secures contract from Shell estimated at $400 million by DBS



Seatrium has been awarded a contract by Shell Offshore Inc. (Shell) to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible floating production unit (FPU).

The contract includes the installation of equipment provided by Shell and follows the letter of intent (LOI) signed by both parties on Aug 28, 2023.

The Sparta FPU will be located in the Garden Banks area of the US Gulf of Mexico, which is some 275km off the coast of Louisiana. It will feature a single topside bolstered by a four-column, semi-submersible floating hull and is designed to produce 90,000 barrels of oil equivalent per day (boe/d).

&ldquo We are deeply honoured that Shell has awarded Sparta, the third FPU newbuild, to Seatrium, following the successful deliveries of the Vito and Whale FPUs. It is a strong affirmation of our team&rsquo s capabilities and the long-standing partnership between both parties,&rdquo says William Gu, executive vice president and head of oil & gas international at Seatrium.

&ldquo We are fully committed to executing the project well, including the single lift operation and fabrication of the FPU to meet its 20,000-psi [or pounds per square inch] design for use in harsh weather conditions, and delivering the unit to Shell safely and efficiently,&rdquo he adds.

The contract value was not disclosed by Seatrium but DBS Group Research, in a research note on Jan 2, estimates it could be worth US$300 million, or $400 million.

See also:  Rex International joint venture company secures production sharing contract in West Africa

" This marks a good start to the year and also a strong affirmation of Seatrium&rsquo s capabilities and the long-standing partnership with Shell," says DBS.
 
According to DBS, Seatrium' s order wins of some $4.5 billion in 2023 fell short of expectations of $6 billion, no thanks to the longer-than-expected finalisation of some highly anticipated projects.

Nonetheless, DBS expects a " stronger order win momentum" this year, with highlights including the Brazil FPSO project worth $4 billion each, and renewable assets such as HVDC converter stations (estimated at $1.6 to $1.8 billion for the 3rd TenneT project) as well as wind turbine installation vessels (WTIVs).

Late last year, the offshore wind sector was hit by a double whammy of interest rate hikes as well as project supply chain disruptions in 2023, which has led to demand slowdown and cost pressures, especially in the US. 

See also:  LNG vessels begin to reroute away from Red Sea on rising tension

DBS, which is keeping its " buy" call and 18 cents target price on the stock, believes this is " a short-term pain, long-term gain development" . 

" While there has been some project cancellations and pushback of project awards, the long-term transition trend towards green energy is undeterred. Operators and government are both re-looking into current tariff mechanism to better reflect the economics of new projects," adds DBS.

Furthermore, Seatrium' s existing renewable projects are unaffected, though the pace of new projects might slow down in the near term.
Advertisement
 


Seatrium shares, as at 9.45 am, was up 0.85% to change hands at 12 cents. It is the most active counter thus far on Jan 2.

https://www.theedgesingapore.com/news/oil-gas/seatrium-secures-contract-shell-estimated-400-million-dbs

Eagle88      ( Date: 02-Jan-2024 09:57) Posted:

Seatrium Secures Contract to Construct and Integrate Deep-Water Newbuild Project for Shell&rsquo s Semi-Submersible FPU Singapore, 2 January 2024 &ndash Seatrium Limited (Seatrium, or the Group), has been awarded a contract by Shell Offshore Inc. (Shell) to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible Floating Production Unit (FPU). The contract includes the installation of Shell-furnished equipment and follows the Letter of Intent sealed by both parties on 28 August 2023. The Sparta FPU will be situated in the Garden Banks area of the US Gulf of Mexico, approximately 275 kilometres (171 miles) off the coast of Louisiana. It will feature a single topside bolstered by a four-column, semi-submersible floating hull and is designed to produce 90,000 barrels of oil equivalent per day (boe/d). Seatrium, a leading global provider of engineering solutions to the marine, offshore and energy sectors, is known for its industry-leading approach in assembling topsides safely and efficiently at ground level, which minimises work-at-height risks for workers. The two-level topside for Sparta will be integrated and lifted to the hull using Seatrium&rsquo s game-changing Goliath twin cranes capable of lifting up to 30,000 tonnes. Mr William Gu, Executive Vice President and Head of Oil & Gas International of Seatrium, said, &ldquo We are deeply honoured that Shell has awarded Sparta, the third FPU newbuild, to Seatrium, following the successful deliveries of the Vito and Whale FPUs. It is a strong affirmation of our team&rsquo s capabilities and the long-standing partnership between both parties. We are fully committed to executing the project well, including the single lift operation and fabrication of the FPU to meet its 20,000-psi design for use in harsh weather conditions, and delivering the unit to Shell safely and efficiently.&rdquo The Sparta FPU is conceived as a replicable project between Shell and Seatrium to leverage the Group&rsquo s topsides single lift integration methodology, following the Vito and Whale newbuilds, and benefitting from operational synergies. With an extensive experience in complex offshore projects, Seatrium is well-positioned and equipped with cutting-edge technology to deliver high-quality engineering, procurement, installation and commissioning (EPIC) services for fixed and floating production platforms and subsea developments.
 Useful To Me  Not Useful To Me
Eagle88
Supreme
02-Jan-2024 10:01     
 
Eagle88 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Seatrium secures contract from Shell estimated at $400 million by DBS



Seatrium has been awarded a contract by Shell Offshore Inc. (Shell) to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible floating production unit (FPU).

The contract includes the installation of equipment provided by Shell and follows the letter of intent (LOI) signed by both parties on Aug 28, 2023.

The Sparta FPU will be located in the Garden Banks area of the US Gulf of Mexico, which is some 275km off the coast of Louisiana. It will feature a single topside bolstered by a four-column, semi-submersible floating hull and is designed to produce 90,000 barrels of oil equivalent per day (boe/d).

&ldquo We are deeply honoured that Shell has awarded Sparta, the third FPU newbuild, to Seatrium, following the successful deliveries of the Vito and Whale FPUs. It is a strong affirmation of our team&rsquo s capabilities and the long-standing partnership between both parties,&rdquo says William Gu, executive vice president and head of oil & gas international at Seatrium.

&ldquo We are fully committed to executing the project well, including the single lift operation and fabrication of the FPU to meet its 20,000-psi [or pounds per square inch] design for use in harsh weather conditions, and delivering the unit to Shell safely and efficiently,&rdquo he adds.

The contract value was not disclosed by Seatrium but DBS Group Research, in a research note on Jan 2, estimates it could be worth US$300 million, or $400 million.

See also:  Rex International joint venture company secures production sharing contract in West Africa

" This marks a good start to the year and also a strong affirmation of Seatrium&rsquo s capabilities and the long-standing partnership with Shell," says DBS.
 
According to DBS, Seatrium' s order wins of some $4.5 billion in 2023 fell short of expectations of $6 billion, no thanks to the longer-than-expected finalisation of some highly anticipated projects.

Nonetheless, DBS expects a " stronger order win momentum" this year, with highlights including the Brazil FPSO project worth $4 billion each, and renewable assets such as HVDC converter stations (estimated at $1.6 to $1.8 billion for the 3rd TenneT project) as well as wind turbine installation vessels (WTIVs).

Late last year, the offshore wind sector was hit by a double whammy of interest rate hikes as well as project supply chain disruptions in 2023, which has led to demand slowdown and cost pressures, especially in the US. 

See also:  LNG vessels begin to reroute away from Red Sea on rising tension

DBS, which is keeping its " buy" call and 18 cents target price on the stock, believes this is " a short-term pain, long-term gain development" . 

" While there has been some project cancellations and pushback of project awards, the long-term transition trend towards green energy is undeterred. Operators and government are both re-looking into current tariff mechanism to better reflect the economics of new projects," adds DBS.

Furthermore, Seatrium' s existing renewable projects are unaffected, though the pace of new projects might slow down in the near term.
Advertisement
 


Seatrium shares, as at 9.45 am, was up 0.85% to change hands at 12 cents. It is the most active counter thus far on Jan 2.

https://www.theedgesingapore.com/news/oil-gas/seatrium-secures-contract-shell-estimated-400-million-dbs

Eagle88      ( Date: 02-Jan-2024 09:57) Posted:

Seatrium Secures Contract to Construct and Integrate Deep-Water Newbuild Project for Shell&rsquo s Semi-Submersible FPU Singapore, 2 January 2024 &ndash Seatrium Limited (Seatrium, or the Group), has been awarded a contract by Shell Offshore Inc. (Shell) to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible Floating Production Unit (FPU). The contract includes the installation of Shell-furnished equipment and follows the Letter of Intent sealed by both parties on 28 August 2023. The Sparta FPU will be situated in the Garden Banks area of the US Gulf of Mexico, approximately 275 kilometres (171 miles) off the coast of Louisiana. It will feature a single topside bolstered by a four-column, semi-submersible floating hull and is designed to produce 90,000 barrels of oil equivalent per day (boe/d). Seatrium, a leading global provider of engineering solutions to the marine, offshore and energy sectors, is known for its industry-leading approach in assembling topsides safely and efficiently at ground level, which minimises work-at-height risks for workers. The two-level topside for Sparta will be integrated and lifted to the hull using Seatrium&rsquo s game-changing Goliath twin cranes capable of lifting up to 30,000 tonnes. Mr William Gu, Executive Vice President and Head of Oil & Gas International of Seatrium, said, &ldquo We are deeply honoured that Shell has awarded Sparta, the third FPU newbuild, to Seatrium, following the successful deliveries of the Vito and Whale FPUs. It is a strong affirmation of our team&rsquo s capabilities and the long-standing partnership between both parties. We are fully committed to executing the project well, including the single lift operation and fabrication of the FPU to meet its 20,000-psi design for use in harsh weather conditions, and delivering the unit to Shell safely and efficiently.&rdquo The Sparta FPU is conceived as a replicable project between Shell and Seatrium to leverage the Group&rsquo s topsides single lift integration methodology, following the Vito and Whale newbuilds, and benefitting from operational synergies. With an extensive experience in complex offshore projects, Seatrium is well-positioned and equipped with cutting-edge technology to deliver high-quality engineering, procurement, installation and commissioning (EPIC) services for fixed and floating production platforms and subsea developments.
 Useful To Me  Not Useful To Me


Eagle88
Supreme
02-Jan-2024 09:57     
 
Eagle88 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Seatrium Secures Contract to Construct and Integrate Deep-Water Newbuild Project for Shell&rsquo s Semi-Submersible FPU Singapore, 2 January 2024 &ndash Seatrium Limited (Seatrium, or the Group), has been awarded a contract by Shell Offshore Inc. (Shell) to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible Floating Production Unit (FPU). The contract includes the installation of Shell-furnished equipment and follows the Letter of Intent sealed by both parties on 28 August 2023. The Sparta FPU will be situated in the Garden Banks area of the US Gulf of Mexico, approximately 275 kilometres (171 miles) off the coast of Louisiana. It will feature a single topside bolstered by a four-column, semi-submersible floating hull and is designed to produce 90,000 barrels of oil equivalent per day (boe/d). Seatrium, a leading global provider of engineering solutions to the marine, offshore and energy sectors, is known for its industry-leading approach in assembling topsides safely and efficiently at ground level, which minimises work-at-height risks for workers. The two-level topside for Sparta will be integrated and lifted to the hull using Seatrium&rsquo s game-changing Goliath twin cranes capable of lifting up to 30,000 tonnes. Mr William Gu, Executive Vice President and Head of Oil & Gas International of Seatrium, said, &ldquo We are deeply honoured that Shell has awarded Sparta, the third FPU newbuild, to Seatrium, following the successful deliveries of the Vito and Whale FPUs. It is a strong affirmation of our team&rsquo s capabilities and the long-standing partnership between both parties. We are fully committed to executing the project well, including the single lift operation and fabrication of the FPU to meet its 20,000-psi design for use in harsh weather conditions, and delivering the unit to Shell safely and efficiently.&rdquo The Sparta FPU is conceived as a replicable project between Shell and Seatrium to leverage the Group&rsquo s topsides single lift integration methodology, following the Vito and Whale newbuilds, and benefitting from operational synergies. With an extensive experience in complex offshore projects, Seatrium is well-positioned and equipped with cutting-edge technology to deliver high-quality engineering, procurement, installation and commissioning (EPIC) services for fixed and floating production platforms and subsea developments.
 Useful To Me  Not Useful To Me
wehuattogether88
Supreme
02-Jan-2024 08:31     
 
wehuattogether88 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Another good year 2024 for Seatrium?
Let us see it?s performance
 Useful To Me  Not Useful To Me
Chansenghoe1971
Elite
02-Jan-2024 07:32     
 
Chansenghoe1971 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Good start towards 20 cents.

https://links.sgx.com/1.0.0/corporate-announcements/FNA5KMQAKSCZSQ7N/781959_Announcement_2%20Jan%202024.pdf
 Useful To Me  Not Useful To Me
newbie1118
Master
31-Dec-2023 15:06     
 
newbie1118 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Exactly my thought too.

Joyoftheworld      ( Date: 31-Dec-2023 14:58) Posted:

I had previously expressed my concern that Sink51 will be facing big draw on workng capital and liquidity in 2024/ 25 as they try to complete 4 mega FPSOs at the same time. The recent liquidity enhancement drive more or less guarantee that no rights issue will be required in 2024.
 Useful To Me  Not Useful To Me
Joyoftheworld
Master
31-Dec-2023 14:58     
 
Joyoftheworld About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		I had previously expressed my concern that Sink51 will be facing big draw on workng capital and liquidity in 2024/ 25 as they try to complete 4 mega FPSOs at the same time. The recent liquidity enhancement drive more or less guarantee that no rights issue will be required in 2024.
 Useful To Me  Not Useful To Me
huattuatua
Elite
30-Dec-2023 11:19     
 
huattuatua About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		pang sim la

share456      ( Date: 29-Dec-2023 19:20) Posted:

very jialat, Seatrium keeps borrowing money again !

Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Charted

https://www.theedgesingapore.com/news/company-news/seatrium-subsidiary-secures-500-mil-revolving-credit-facility-dbs-hsbc-and
 Useful To Me  Not Useful To Me
Chansenghoe1971
Elite
29-Dec-2023 22:13     
 
Chansenghoe1971 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Why? This is good news
They are deemed to be credit worthiness by bank.
They are a capital intensive business so what s the problem with leverage when their gearing is not high,
The greater fear would be banks not lending and they have to resort to equity which means rights issue
So this is a good news


share456      ( Date: 29-Dec-2023 19:20) Posted:

very jialat, Seatrium keeps borrowing money again !

Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Charted

https://www.theedgesingapore.com/news/company-news/seatrium-subsidiary-secures-500-mil-revolving-credit-facility-dbs-hsbc-and
 Useful To Me  Not Useful To Me
share456
Veteran
29-Dec-2023 19:20     
 
share456 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		very jialat, Seatrium keeps borrowing money again !

Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Charted

https://www.theedgesingapore.com/news/company-news/seatrium-subsidiary-secures-500-mil-revolving-credit-facility-dbs-hsbc-and
 Useful To Me  Not Useful To Me
                                                         First   < Newer   1501-1520 of 6385   Older>   Last  



ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.