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Seatrium Ltd
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CityDev
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Andrewtan18
Senior |
17-Apr-2026 11:21
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Bui Bui forever alone. 😩
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stockpicker
Master |
17-Apr-2026 11:01
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They have an on going arbitration with Petronas in FEB 2026 for a long time job under Jurong ShipYard. may be they did not submit the tender for SEAP project backs they knew their chances. Anyway, they were not shortlisted for this SEAP contract
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Joelton
Supreme |
17-Apr-2026 10:43
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Seatrium: An amalgamation bearing fruit As the world seeks to balance the challenges of the energy trilemma &mdash security, affordability and sustainability &mdash the fortunes of offshore and marine (O& M) player Seatrium, along with the sector as a whole, are gaining momentum. Born out of a combination of the world&rsquo s two largest oil rig-builders &mdash Sembcorp Marine and Keppel O& M, Seatrium not only had to navigate the complexities of merging two entities, but also transform itself to remain relevant as the O& M sector went into a tailspin from the mid-2010s onwards, before being further pummeled during Covid-19. To recap, both government-linked companies were profitable before the O& M bust, which saw revenues plunge and led each to incur losses exceeding $1.0 billion. In June 2021, the companies announced their potential merger to create a &ldquo stronger&rdquo combined entity that will be more competitive by pursuing &ldquo synergies arising from combined scale, footprint and capabilities,&rdquo according to a press release. The promise of the deal has shown up in Seatrium&rsquo s financials. For FY2025 ended Dec 31, 2025, Seatrium doubled its y-o-y earnings to $324 million, in contrast to FY2023 &mdash the first year of the merger &mdash when it reported a net loss of around $1.9 billion. &ldquo For the first time, we&rsquo ve recorded a positive one-year total shareholder return of 5.2%, as we strive to continue driving lasting value for all shareholders on strengthened fundamentals,&rdquo says CEO Chris Ong at Seatrium&rsquo s FY2025 results briefing held on Feb 26. Ong, who was the CEO of Keppel O& M before leading Seatrium, says that the company has been transforming its business and cost model, making it &ldquo stronger and leaner&rdquo than before. These include a &ldquo high quality&rdquo order book comprising 95% of Series-Build projects that reduce execution risks for both the company and its customers, with non-floating, production, storage and offloading (FPSO) legacy projects constituting only around 1%. &ldquo We have been disciplined in ensuring we win high-quality contracts from world-class customers, with mid‑ teens, risk-adjusted project margins and progressive milestone payments,&rdquo says Ong, who adds that the company&rsquo s $17.8 billion net order book is more diversified than previously. In addition to oil and gas asset orders, the company has secured contracts in the renewables sector. These contracts include four from TenneT, the latest being the Balwin 5 project, a 2.2 gigawatt (GW) offshore high-voltage direct current (HVDC) grid connection. According to Seatrium, 40% of its net order book comprises renewables and green solutions. Underpinning the Seatrium&rsquo s operational execution is the One Seatrium Global Delivery Model. Described as a &ldquo centralised and coordinated execution platform integrating people, AI and assets worldwide&rdquo , the system has delivered cost efficiencies, with CGS International (CGSI) analysts Lim Siew Khee and Meghana Kande, and UOB Kay Hian&rsquo s Adrian Loh, noting cost decreases that beat their expectations. In FY2024, Seatrium quantified the merger benefits and cost savings at $300 million and procurement savings at $200 million. CFO Stephen Lu says that Seatrium has exceeded the targets and that &ldquo the proof is in the numbers&rdquo . &ldquo As we continue to streamline operations and tighten overheads, we see accelerated pathways for further expansion through our ongoing divestments of non‑ core assets,&rdquo says Lu. The company also shares that it is pursuing more than $32 billion in new contracts before the start of the Middle East conflict. Since then, with the Strait of Hormuz &ldquo blocked&rdquo and thus limiting oil and gas exports from the fossil-fuel-rich Middle East, oil prices have risen as demand outstrips supply. The International Energy Agency has been forced to release 400 million barrels of emergency oil stocks &mdash the largest in its history &mdash to counter supply disruptions from the Middle East conflict. For Maybank Securities analyst Hussaini Saifee, sustained geopolitical tensions and conflict reinforce the need for energy security and supply diversification through new fossil fuel sources and renewable energy. The way Hussaini sees it, O& M companies, including Seatrium, are likely to benefit as the world aims to balance the energy trilemma. In the near term, with breakeven prices of US$37 to US$43 ($47 to $55) per barrel, offshore is one of the lowest-cost sources of new oil supply and affordable energy. As such, Hussaini expects this to drive demand for newbuild FPSO vessels and cites industry estimates of a pipeline of 40 to 50 FPSOs up to 2030. Looking ahead, as the world seeks energy security and environmental sustainability, the development of renewable energy is likely to accelerate, despite rollbacks in some countries. Hussaini believes that Seatrium, with its track record in offshore wind projects, is well-positioned to capture demand in the offshore wind sector, which is estimated to grow at a compound annual growth rate of around 15% through 2035. |
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Joyoftheworld
Master |
16-Apr-2026 17:26
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That' s why 5e2' s nick is aptly Sinktrium
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Tob231
Elite |
16-Apr-2026 17:00
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same time, same price ... one 2.47, the other one 4.05 dividend xd about same time one 0.03 and the other one ... plese check yourself period ... nothing to say .... |
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Joyoftheworld
Master |
16-Apr-2026 16:34
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But for BOT model, need to arrange own financing...that' s why need the multi-currency $3bil note arrangement to fund project if win bid.
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Joyoftheworld
Master |
16-Apr-2026 16:32
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It was announced a few months ago that Sinktrium is going into the " build operate transfer" FPSO segment with their new proprietary Flexhull. " The FLEXHull also aligns with Brazil&rsquo s emerging build-own-transfer (BOT) model, in which contractors finance and construct FPSOs before transferring ownership to the operator. By offering a standard moored hull platform, Seatrium can better serve this growing segment while retaining flexibility for global deployment" Lost this bid to SBM. Only can be their subcontractor. Maybe better luck the next round.
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stockpicker
Master |
16-Apr-2026 13:54
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Can you furnish news on Seatrim lost the bid? The project has just been approved by Petrobas on yesterday according to the news. | ||||
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Joyoftheworld
Master |
16-Apr-2026 13:26
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Sinktrium lost the bid against SBM for these 2 " build operate transfer" petrobras FPSO projects. Only can get some scraps from SBM to do the integration work. Sad.
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stockpicker
Master |
16-Apr-2026 11:25
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https://oilnow.gy/news/sbm-offshore-to-build-platforms-for-petrobras-seap-development-in-brazil/ | ||||
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stockpicker
Master |
16-Apr-2026 11:15
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Brazil&rsquo s Petrobras approves final investment decision for SEAP ISeatrim likely to bag the contract for SBMhttps://www.marketscreener.com/news/brazila-s-petrobras-approves-final-investment-decision-for-seap-i-ce7e50dcd08af12c |
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stockpicker
Master |
15-Apr-2026 08:32
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Trump told Fox News' Maria Bartiromo (interview airing today) the U.S.-Israel war with Iran is over after ~32 days of strikes that eviscerated Iran' s navy (150+ vessels sunk), air defenses, missiles, and key targets. Ceasefire holding since Apr 8. U.S. naval blockade of Strait of Hormuz stays up to enforce terms&mdash no full reopen of shipping/oil yet. VP Vance heads to Pakistan this week for round 2 talks. Iran no longer a major threat per Trump markets up on de-escalation. Oil price dropped to $90
https://tradingeconomics.com/commodity/crude-oil |
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stockpicker
Master |
15-Apr-2026 07:38
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Very little trade in ADR. Let' s see how Singapore stocks reacts now that US stocks are cheonging | ||||
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stockpicker
Master |
15-Apr-2026 00:19
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Ratio is 10:1. % rise will be the same. The ticker id shown in chart
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stockpicker
Master |
15-Apr-2026 00:18
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Ratio is 10:1. % rise will be the same. The ticker id shown in chart
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Trainner
Master |
14-Apr-2026 23:27
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Is our Seatrium 1-to-1 to the Seatrium ADR? what is the ticker for the ADR?
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stockpicker
Master |
14-Apr-2026 23:00
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Here a better picture from WSJ
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stockpicker
Master |
14-Apr-2026 22:46
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Should not be a problem reaching $3/- The Seatrim ADR just risen 3.79% at the time of writing |
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eugesun
Elite |
14-Apr-2026 19:45
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after collection of dividend, all retailers can help to short it down, I wait to load up again. 3 dollar huat ahh..
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gosharej
Senior |
14-Apr-2026 16:23
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wait to collect dividend, so crap walk now
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