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Seatrium Ltd
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RIVERSTONE HOLDINGS LIMITED
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ysh2006
Supreme |
22-Dec-2025 08:55
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First payment 350M USD, than installament 10 years the rest of payment those money deduct from operating profit from the rig .....so Seatrium won' t sue the buyer loh....  | ||||
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SmallSmall
Supreme |
22-Dec-2025 08:17
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Seatrium becomes banker for the deal
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Joyoftheworld
Master |
22-Dec-2025 08:04
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Good news! Waiting for it to cheong 10cents today.
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SmallSmall
Supreme |
22-Dec-2025 07:59
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RESOLUTION OF DISPUTE WITH MAERSK&rsquo S AFFILIATE, PHOENIX II A/S  
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War3craft2003
Member |
22-Dec-2025 07:44
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https://links.sgx.com/FileOpen/Sturgeon%20Resolution%20Annc%20-%2022%20Dec%20.ashx?App=Announcement&FileID=870268
Singapore, 22 December 2025 ? Seatrium Limited (the ?Company? and together with its subsidiaries, the ?Group?) refers to its announcements dated (a) 10 October 2025, regarding the notice of termination dated 9 October 2025 (?Notice of Termination?) received by Seatrium Energy (International) Pte Ltd (?SEI?), (b) 22 October 2025, regarding the notice of arbitration which SEI received from Maersk Offshore Wind?s (?Maersk?) affiliate Phoenix II A/S (the ?Buyer?) (?Maersk?s Arbitration?), and (c) 29 November 2025, regarding SEI?s commencement of arbitration against the Buyer (?SEI?s Arbitration?), in connection with the contract (the ?Contract?) between SEI and the Buyer for the construction of a Wind Turbine Installation Vessel (?Vessel?). The Company wishes to update that SEI and the Buyer have reached an agreement for SEI to deliver the Vessel and the Buyer to take delivery of the Vessel by 28 February 2026. Upon delivery of the Vessel, the Buyer shall pay the balance of the Contract Price being the sum of US$360 million (subject to adjustments in accordance with the Contract). Parties have mutually agreed for the Buyer to pay part of the Contract Price (US$250 million) using an interest-bearing credit arrangement extended to the Buyer by the Company's wholly-owned subsidiary, Seatrium (SG) Pte. Ltd. (?SGS?). The credit arrangement is for up to 10 years and repayable through cash generated by the Vessel. SGS will have a mortgage over the Vessel, as well as first priority rights over the Vessel and the Buyer?s bank accounts. In light of the above, the parties will withdraw and discontinue all legal proceedings (i.e. Maersk?s Arbitration and SEI?s Arbitration), and the Contract is in full force and effect. The matter is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the current financial year ending 31 December 2025. Collaborative efforts were advanced by the willingness of all parties critical to the Vessel?s operability to be practical, find alignment, and work collectively towards the target of the delivery of the Vessel. After evaluating all feasible options alongside the end-customer, the Company is of the view that the arrangement above is the optimal way forward for the interests of the Group and the Company?s shareholders, taking into consideration the relevant circumstances, including financial impact, certainty of recoverability, and the risk of lengthy and costly legal proceedings. SEI is focused on and confident of completing the project under the Contract and delivering the Vessel in accordance with the Contract. As at the date of this announcement, the project is approximately 99.8% completed. The Company will make further announcements as and when there are material development |
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War3craft2003
Member |
22-Dec-2025 07:42
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Seatrium Limited - Parties Will Withdraw and Discontinue All Legal Proceedings | ||||
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eugesun
Elite |
19-Dec-2025 12:46
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Yes, fro Marine time...
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geographic
Senior |
19-Dec-2025 11:28
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Me too. I already longed 11 years. Between, are you from Sembcorp Marine?
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eugesun
Elite |
19-Dec-2025 11:07
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I long, just load at low price...
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Joyoftheworld
Master |
19-Dec-2025 11:05
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Glad to read the Lim Siew Khee (CGSI) is more conservative and lowering their price target. She has been consistently wrong for the past 4 years. Now that she has capitulated, we can finally expect better days for Sinktrium.
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ruanlai
Elite |
19-Dec-2025 09:42
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Abstract from The Edge Singapore dated 19 Dec 25   Seatrium Price targets: DBS Group Research &lsquo buy&rsquo $2.96 CGS International &lsquo buy&rsquo $2.67 BalWin5 contract brings Christmas cheer  In their research notes issued on Dec 12, DBS Group Research and CGS International (CGSI) reiterated their &ldquo buy&rdquo call for Seatrium with target prices of $2.96 and $2.67 respectively, after the company announced the previous day that it had bagged a contract with partner GE Vernova to deliver a &ldquo major part&rdquo of the BalWin5 offshore wind project. With BalWin5, Seatrium&rsquo s contract wins for the year crossed the $4 billion mark. Both DBS and CGSI estimate the size of the new contract to be around $2 billion. BalWin5 is a new 2.2 GW offshore high-voltage direct current (HVDC) grid connection that will transmit electricity from offshore windfarms in the German North Sea to the onshore transmission network in Germany. It is the fourth project awarded to the GE Vernova-Seatrium consortium under the five-year collaboration agreement with TenneT announced in March 2023. Seatrium will design and construct the offshore converter platform and manage its transportation and installation in the German North Sea. Seatrium&rsquo s share price had declined around 16% from October&rsquo s $2.48 peak, weighed down by the Maersk Offshore Wind&rsquo s cancellation of a US$475 ($613) million contract for a wind turbine installation vessel (WTIV) and underwhelming order wins for the first 10 months of the year. The order book of $16.6 billion as at Sept 30 implied revenue coverage of roughly two years, notes DBS. DBS suggests that the pair of major contract wins &mdash this and the Tiber floating production unit, estimated at around $1.3 billion &mdash in the span of two weeks indicates a &ldquo strong uptick&rdquo in order momentum, which is likely to &ldquo boost confidence&rdquo and the company&rsquo s share price. It notes that the order book of $16.6 billion as at Sept 30 implied revenue coverage of roughly two years. For 2026, DBS seems confident that Seatrium will achieve an $8 billion annual contract-win target. It believes the O& M player is well positioned to win more contracts, including TenneT HVDC contracts worth around $2 billion each, Petrobras Seap 1 and 2 worth $1 billion each, and projects ranging from $300 million to $1 billion in the Americas and the Middle East. DBS is also optimistic about achieving mid-teens margins and cost savings from streamlining operations, including divestments of non-core facilities. Coupled with the removal of cost overruns from the US yard and projects, Seatrium is one of DBS&rsquo s &ldquo top picks&rdquo for 2026. While CGSI analysts Lim Siew Khee and Meghana Kande have faith in Seatrium&rsquo s prospects, they are slightly more conservative in their report. Instead of DBS&rsquo s $8 billion estimate, Lim and Kande forecast Seatrium to win about $6 billion in new contracts for 2026. They also estimate BalWin&rsquo s margins to be high single digits. Project-wise, they see similar potential wins as DBS. Lim and Kande note re-rating catalysts include the resolution of Seatrium&rsquo s arbitration with Maersk Offshore Wind over the WTIV contract termination, &ldquo higher-than-expected margin improvements&rdquo and potential monetisation of non-core assets. On the back of higher-margin projects and new contracts that support earnings growth from FY2025 to FY2027, CGSI values Seatrium at 1.3 times 2026 forecast P/B, giving a 10% discount to the counter&rsquo s historical P/B of 1.5 times. &mdash Lin Daoyi |
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ruanlai
Elite |
18-Dec-2025 13:25
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last call for 207........no regret when gone..... 2 major contracts awards and still counting otw ...... dyodd |
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geographic
Senior |
18-Dec-2025 12:26
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Congratulations!!You short again? Huat Arh
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eugesun
Elite |
18-Dec-2025 11:29
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Seems bottom reached...huat ahh
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eugesun
Elite |
17-Dec-2025 19:03
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Lol 😆 😆 😆 😆 ....see if tomorrow still have the die hard shorts...
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Joyoftheworld
Master |
17-Dec-2025 17:43
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Closed up one cent. That' s a big big positive for Sinktrium. | ||||
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Joyoftheworld
Master |
17-Dec-2025 13:05
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Why? I am quite happy and profitable on this counter. A little sell and buy back helps.
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QueenMaya
Senior |
17-Dec-2025 12:04
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Sell Seatrium buy Raffles and you will be way happier or some better value stocks.
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Joyoftheworld
Master |
17-Dec-2025 11:49
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Yes, recovering. Flat for the day is a big win for Sinktrium.
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MrBear12
Supreme |
17-Dec-2025 11:25
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Recover
🐻
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