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Seatrium - Sea of Hopes & Atrium of Surprises (II)

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luckyboy22
    02-Jan-2026 10:29  
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Blessing lai liao  yes

MrBear12      ( Date: 31-Dec-2025 12:11) Posted:

Yes, may we be blessed from now till forever more

luckyboy22      ( Date: 31-Dec-2025 11:49) Posted:

May we prosper in the new coming year


 
 
MrBear12
    31-Dec-2025 12:11  
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Yes, may we be blessed from now till forever more

luckyboy22      ( Date: 31-Dec-2025 11:49) Posted:

May we prosper in the new coming year!

MrBear12      ( Date: 30-Dec-2025 16:58) Posted:

Yes! Three dollars in 202


 
 
luckyboy22
    31-Dec-2025 11:49  
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May we prosper in the new coming year!

MrBear12      ( Date: 30-Dec-2025 16:58) Posted:

Yes! Three dollars in 2026

luckyboy22      ( Date: 30-Dec-2025 16:43) Posted:

Price surge and it is unstoppable!


 

 
MrBear12
    30-Dec-2025 16:58  
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Yes! Three dollars in 2026

luckyboy22      ( Date: 30-Dec-2025 16:43) Posted:

Price surge and it is unstoppable!

 
 
luckyboy22
    30-Dec-2025 16:43  
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Price surge and it is unstoppable!
 
 
Joyoftheworld
    30-Dec-2025 15:15  
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My cheong 10cents prediction came through...but in 1 week rather 1 day.  devil

Joyoftheworld      ( Date: 22-Dec-2025 08:04) Posted:

Good news! Waiting for it to cheong 10cents today.

SmallSmall      ( Date: 22-Dec-2025 07:59) Posted:



RESOLUTION OF DISPUTE WITH MAERSK&rsquo S AFFILIATE, PHOENIX II A/S
 


 

 
Joyoftheworld
    30-Dec-2025 14:29  
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Talking up really working this time round. Mouth rally continues unabated. 

eugesun      ( Date: 30-Dec-2025 14:18) Posted:

ok lets squeeze to 5 dollar first..huat ahh

luckyboy22      ( Date: 30-Dec-2025 14:03) Posted:

$5 is good enough for me  yes


 
 
CheongArgh
    30-Dec-2025 14:26  
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Hosay liao !
 
 
 
eugesun
    30-Dec-2025 14:18  
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ok lets squeeze to 5 dollar first..huat ahh

luckyboy22      ( Date: 30-Dec-2025 14:03) Posted:

$5 is good enough for me  yes

eugesun      ( Date: 30-Dec-2025 13:39) Posted:

huat ahh...10 dollar coming..


 
 
luckyboy22
    30-Dec-2025 14:03  
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$5 is good enough for me  yes

eugesun      ( Date: 30-Dec-2025 13:39) Posted:

huat ahh...10 dollar coming...

Workaholic      ( Date: 30-Dec-2025 12:27) Posted:

You can call it any way you want - Mouth Rally, Santa Rally, etc. It is HUAT, HUAT, HUAT, ah?. All the best to all Seatrium shareholders


 

 
eugesun
    30-Dec-2025 13:39  
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huat ahh...10 dollar coming...

Workaholic      ( Date: 30-Dec-2025 12:27) Posted:

You can call it any way you want - Mouth Rally, Santa Rally, etc. It is HUAT, HUAT, HUAT, ah?. All the best to all Seatrium shareholders.

Workaholic      ( Date: 30-Dec-2025 09:04) Posted:

This imply great opportunity to accumulate. It?s now or never.

The project is way too far forward that it is impossible to stop it now. NY needs electrification urgently and any change will take time.

Of course, Trump will flip and flip with all his call as this is part of his negotiation tactic. At the end of the day, American are very practical people.

So it is now or never


 
 
Workaholic
    30-Dec-2025 12:27  
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You can call it any way you want - Mouth Rally, Santa Rally, etc. It is HUAT, HUAT, HUAT, ah?. All the best to all Seatrium shareholders.

Workaholic      ( Date: 30-Dec-2025 09:04) Posted:

This imply great opportunity to accumulate. It?s now or never.

The project is way too far forward that it is impossible to stop it now. NY needs electrification urgently and any change will take time.

Of course, Trump will flip and flip with all his call as this is part of his negotiation tactic. At the end of the day, American are very practical people.

So it is now or never.

Alignment      ( Date: 30-Dec-2025 05:36) Posted:

This is the broader point. Trump is taking a massive amount of demand out of the market. Looking beyond the purely contractual impact on suppliers, this will materially weaken the sector compared to otherwise what it would have been


 
 
Caesar
    30-Dec-2025 12:13  
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They will be back when the new year starts ...technically, Santa Rally runs from last 3 working days of the year to first 2 working days of the new year ...let's see

n3wbie      ( Date: 29-Dec-2025 12:52) Posted:

Doesnt look like it for now, as expected liqudity is very thin in the final days of the year as people are away on hols!

Workaholic      ( Date: 29-Dec-2025 08:51) Posted:

With all the analyst BUY call and good news all around (see ST review today), added with Santa Rally or Capricorn effect or window dressing, whatever you call it, the direction for Seatrium is clear - UP, UP, UP, ??


 
 
longterminvestor
    30-Dec-2025 12:05  
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seatrium huat mermaid huat
 
 
Joyoftheworld
    30-Dec-2025 11:56  
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Mouth rally seems to be working...

Andrewtan18      ( Date: 30-Dec-2025 11:20) Posted:

This is called Mouth Rally. You think you can talk up the share price ?

Workaholic      ( Date: 29-Dec-2025 08:51) Posted:

With all the analyst BUY call and good news all around (see ST review today), added with Santa Rally or Capricorn effect or window dressing, whatever you call it, the direction for Seatrium is clear - UP, UP, UP, ??


 

 
Andrewtan18
    30-Dec-2025 11:20  
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This is called Mouth Rally. You think you can talk up the share price ?

Workaholic      ( Date: 29-Dec-2025 08:51) Posted:

With all the analyst BUY call and good news all around (see ST review today), added with Santa Rally or Capricorn effect or window dressing, whatever you call it, the direction for Seatrium is clear - UP, UP, UP, ??

 
 
Workaholic
    30-Dec-2025 09:04  
Contact    Quote!
This imply great opportunity to accumulate. It?s now or never.

The project is way too far forward that it is impossible to stop it now. NY needs electrification urgently and any change will take time.

Of course, Trump will flip and flip with all his call as this is part of his negotiation tactic. At the end of the day, American are very practical people.

So it is now or never.

Alignment      ( Date: 30-Dec-2025 05:36) Posted:

This is the broader point. Trump is taking a massive amount of demand out of the market. Looking beyond the purely contractual impact on suppliers, this will materially weaken the sector compared to otherwise what it would have been.

Joelton      ( Date: 24-Dec-2025 10:08) Posted:

End-buyer of Seatrium-Maersk vessel caught in Trump&rsquo s stop-work order
Singapore company expects vessel to be delivered as agreed in recent settlement with Danish shipping giant
 
[SINGAPORE] Seatrium said it is &ldquo closely monitoring&rdquo the Trump administration stop-work order issued to the end-customer of a U$475 million wind vessel job, noting that it can be redeployed beyond the US market.
 
Seatrium was responding to The Business Times&rsquo queries on Tuesday (Dec 23) after news broke that morning that Empire Offshore Wind had received a US government order to stop construction on the Empire Wind 1 project due to &ldquo national security concerns&rdquo . 
 
Four other wind projects also received similar orders from the US Bureau of Ocean Energy Management, including the Coastal Virginia Offshore Wind, the country&rsquo s largest such project. This is the second such order affecting Empire Wind 1 this year the first was in April.
 
In October, the Singapore offshore marine company received from Maersk affiliate Phoenix II a termination notice for the wind turbine installation vessel meant for the Empire Wind 1 project, which was scheduled for completion in the early part of 2025. 
 
On Monday, Seatrium said the two parties have reached an agreement with the Maersk affiliate to pay the balance of the contract price &ndash valued at US$360 million. 
 
Upon delivery of the vessel by Feb 28, 2026, Seatrium will receive upfront payment of about US$110 million. The remaining US$250 million will come from an interest-bearing loan of up to 10 years granted by Seatrium and this will be funded by cash generated from the vessel. 
 
Seatrium will also have first priority rights over the asset and the buyer&rsquo s bank accounts.
 
According to Citi analyst Luis Hilado, the latest development should not derail the settlement. &ldquo Management noted that the vessel utility is not limited to the US offshore market and as such can be redeployed to European markets.&rdquo  
 
He added: &ldquo As such, despite the recent suspension of the Empire Wind project anew, there are offsets to the project and commercial launch risks embedded in the new contract.&rdquo
 
He added that any share price weakness from the news of the suspension itself would be an opportunity to accumulate the shares instead.
 
Shares of Seatrium were flat at S$2.13 on Tuesday as at the midday trading break, having climbed 2.9 per cent the previous day on news of the Maersk resolution.
 
Empire Offshore Wind on Tuesday said it was engaging the relevant authorities to &ldquo better understand this matter&rdquo . Its Empire Wind 1 project, which is &ldquo more than 60 per cent complete&rdquo , has been set to connect to New York&rsquo s grid and provide enough power to electrify 500,000 homes.
 
Norwegian state oil company Equinor, which is developing the Empire Wind 1 project, said: &ldquo In total, dozens of vessels, around 1,000 people, and more than a hundred companies in the US and globally have been working in coordination on the Empire Wind project.&rdquo  
 
It added: &ldquo The stop-work order threatens the progress of these activities and, without a swift solution, there may be significant impact to the project.&rdquo


 
 
Alignment
    30-Dec-2025 05:36  
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This is the broader point. Trump is taking a massive amount of demand out of the market. Looking beyond the purely contractual impact on suppliers, this will materially weaken the sector compared to otherwise what it would have been.

Joelton      ( Date: 24-Dec-2025 10:08) Posted:

End-buyer of Seatrium-Maersk vessel caught in Trump&rsquo s stop-work order
Singapore company expects vessel to be delivered as agreed in recent settlement with Danish shipping giant
 
[SINGAPORE] Seatrium said it is &ldquo closely monitoring&rdquo the Trump administration stop-work order issued to the end-customer of a U$475 million wind vessel job, noting that it can be redeployed beyond the US market.
 
Seatrium was responding to The Business Times&rsquo queries on Tuesday (Dec 23) after news broke that morning that Empire Offshore Wind had received a US government order to stop construction on the Empire Wind 1 project due to &ldquo national security concerns&rdquo . 
 
Four other wind projects also received similar orders from the US Bureau of Ocean Energy Management, including the Coastal Virginia Offshore Wind, the country&rsquo s largest such project. This is the second such order affecting Empire Wind 1 this year the first was in April.
 
In October, the Singapore offshore marine company received from Maersk affiliate Phoenix II a termination notice for the wind turbine installation vessel meant for the Empire Wind 1 project, which was scheduled for completion in the early part of 2025. 
 
On Monday, Seatrium said the two parties have reached an agreement with the Maersk affiliate to pay the balance of the contract price &ndash valued at US$360 million. 
 
Upon delivery of the vessel by Feb 28, 2026, Seatrium will receive upfront payment of about US$110 million. The remaining US$250 million will come from an interest-bearing loan of up to 10 years granted by Seatrium and this will be funded by cash generated from the vessel. 
 
Seatrium will also have first priority rights over the asset and the buyer&rsquo s bank accounts.
 
According to Citi analyst Luis Hilado, the latest development should not derail the settlement. &ldquo Management noted that the vessel utility is not limited to the US offshore market and as such can be redeployed to European markets.&rdquo  
 
He added: &ldquo As such, despite the recent suspension of the Empire Wind project anew, there are offsets to the project and commercial launch risks embedded in the new contract.&rdquo
 
He added that any share price weakness from the news of the suspension itself would be an opportunity to accumulate the shares instead.
 
Shares of Seatrium were flat at S$2.13 on Tuesday as at the midday trading break, having climbed 2.9 per cent the previous day on news of the Maersk resolution.
 
Empire Offshore Wind on Tuesday said it was engaging the relevant authorities to &ldquo better understand this matter&rdquo . Its Empire Wind 1 project, which is &ldquo more than 60 per cent complete&rdquo , has been set to connect to New York&rsquo s grid and provide enough power to electrify 500,000 homes.
 
Norwegian state oil company Equinor, which is developing the Empire Wind 1 project, said: &ldquo In total, dozens of vessels, around 1,000 people, and more than a hundred companies in the US and globally have been working in coordination on the Empire Wind project.&rdquo  
 
It added: &ldquo The stop-work order threatens the progress of these activities and, without a swift solution, there may be significant impact to the project.&rdquo

 
 
n3wbie
    29-Dec-2025 12:52  
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Doesnt look like it for now, as expected liqudity is very thin in the final days of the year as people are away on hols!

Workaholic      ( Date: 29-Dec-2025 08:51) Posted:

With all the analyst BUY call and good news all around (see ST review today), added with Santa Rally or Capricorn effect or window dressing, whatever you call it, the direction for Seatrium is clear - UP, UP, UP, ??

 
 
Joelton
    29-Dec-2025 11:05  
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Seatrium sees gains after resolving Maersk dispute &lsquo Santa rally&rsquo beckons on Wall Street
 
SINGAPORE &ndash Seatrium was one of the Singapore market&rsquo s gainers last week after resolving its dispute with Danish shipping giant Maersk.
 
The offshore, marine and energy specialist saw its shares rise 3.4 per cent through the week to close on Boxing Day at $2.14.
 
Seatrium announced on Dec 22 that it had reached a resolution to deliver a wind turbine installation vessel to a Maersk affiliate in an agreement that ended a contract dispute with the buyer.
 
At stake is US$360 million (S$462 million), representing the remaining balance of the contract price that Seatrium said it would receive upon delivery of the vessel, which is 99.8 per cent completed.
 
Under the agreement, the Maersk affiliate was to pay part of the contract price &ndash US$250 million &ndash through an interest-bearing, 10-year loan extended by Seatrium.
 
Seatrium will hold a mortgage over the vessel, along with first-priority security interests over the vessel and the Maersk affiliate&rsquo s bank accounts.
 
The vessel was slated to be deployed in installing massive turbines at Equinor&rsquo s Empire Wind project off the coast of New York.
 
However, Empire Wind is one of five large wind farm projects affected by an order by the Trump administration on Dec 22.
 
Overnight in the US, the administration suspended leases for five large offshore wind projects that are under construction, over what it called national security concerns.
 
The US Department of the Interior said the decision followed concerns raised by the Pentagon that the transport of large turbine blades for offshore wind projects and the highly reflective towers that support them could interfere with radar systems, and make it harder to detect and track security threats, the media reported.
 
Seatrium said in response to queries on Dec 23 that it is closely monitoring the situation in the US and that there are no changes to its resolution to deliver the vessel to Maersk.
 
Maersk had tried to cancel the Seatrium contract in October.
 
This came after the Trump administration issued a stop-work order on the Empire Wind project earlier in 2025. The order was later lifted following a compromise with New York state that could pave the way for a natural gas pipeline backed by US President Donald Trump.
 
Analysts maintained their &ldquo buy&rdquo call on Seatrium following the resolution.
 
Citi Research said the outcome would be an overall positive for the company, as it removes the perception risk arising from Maersk&rsquo s initial termination notice.
 
CGS International analysts also welcomed Seatrium&rsquo s resolution with Maersk and maintained their target price of $2.67 for the stock, although this was before the announcement of the US freezing offshore wind projects.
 
Other market movers
Catalist-listed gold-mining company CNMC Goldmine rose on the back of record-high gold prices.
 
Gold and silver surged to record highs on Dec 26, extending a historic rally in precious metals fuelled by a weaker US dollar and heightened geopolitical uncertainty. Spot gold climbed to a peak above US$4,530 an ounce, bringing its gains for 2025 to nearly 70 per cent.
 
This was despite news before Christmas that a Malaysian unit of CNMC was hit with additional income tax and a penalty by the Inland Revenue Board of Malaysia, amounting to RM29.6 million (S$9.39 million), for the assessment years 2019 to 2024.
 
CNMC has said that it intends to file an appeal.
 
The gold miner has seen its share price rise by around 336 per cent since the start of 2025.
 
It rose 1.9 per cent through the week to close at $1.09 on Dec 26.
 
Nam Cheong, a Malaysian company that builds offshore support vessels, also rose.
 
The Singapore-listed company announced on Dec 24 that it will sell a 4,000 deadweight tonnage platform supply vessel to a Vietnam-based offshore and marine group for US$20.5 million.
 
The sale is expected to bolster the group&rsquo s earnings for the 2025 financial year.
 
Net proceeds from the sale of the vessel will also be used to support the company&rsquo s shipbuilding activities, such as helping to expand its fleet so it can grow its recurring income base, depending on opportunities the company finds.
 
Nam Cheong&rsquo s shares closed 1.7 per cent down at 86 cents on Dec 26, after rising earlier in the week.
 
On the property side, Keppel Real Estate Investment Trust (Keppel REIT) said it is launching an $886.3 million preferential offering for some 923 million new units on Dec 26.
 
The offering will close on Jan 9, and the new units will start trading on Jan 19.
 
The $886.3 million raised will be used mostly to finance Keppel REIT&rsquo s acquisition of an additional stake in Marina Bay Financial Centre Tower 3, while the rest will go to the professional fees and expenses the REIT expects to incur in relation to its acquisition.
 
Keppel REIT had said earlier on Dec 11 that it will be acquiring an additional one-third stake in Marina Bay Financial Centre Tower 3 from a subsidiary of Hongkong Land for around $1.5 billion.
 
Seatrium says no change to Maersk vessel delivery after Trump halts US wind projects
This sale will be completed on Dec 31.
 
Keppel REIT said the acquisition allows it to strengthen its position in the Central Business District, which is in line with its goal of delivering stable income and driving sustainable long-term total returns.
 
This is done through investing in and owning premium commercial assets in the Asia-Pacific&rsquo s key business districts, anchored by a prime Singapore portfolio, it said in its filing.
 
&ldquo Such landmark high-quality properties within the Marina Bay precinct are rarely available in the market, underscoring the unique opportunity presented by the acquisition,&rdquo it added.
 
Beyond the Republic
US stock markets saw the beginnings of what analysts term a &ldquo Santa rally&rdquo over the festive season.
 
The Dow Jones Industrial Average and the S& P 500 finished at record levels on Dec 24 before the Christmas break.
 
According to preliminary data, the S& P 500 rose 0.32 per cent to end at 6,932.12, on the back of an advance led by tech firms.
 
The Nasdaq Composite gained 0.22 per cent to 23,613.31, and the Dow climbed 0.6 per cent, adding nearly 290 points to close at 48,731.81.
 
The &ldquo Santa rally&rdquo refers to a seasonal pattern where markets enjoy gains during the final five trading days of the year and the first two sessions of January.
 
Positive market sentiment might also have been bolstered by statistics showing that the US economy expanded in the third quarter at the fastest pace in two years, supported by resilient consumer and business spending and calmer trade policies.
 
The US economy grew at an annualised pace of 4.3 per cent in the third quarter, based on inflation-adjusted gross domestic product, which measures the value of goods and services produced.
 
What to look out for this week
Singapore&rsquo s purchasing managers&rsquo index comes out on Jan 2. It is a key economic indicator based on monthly surveys of purchasing managers in manufacturing, services or construction.
 
The data will show whether the manufacturing and service sectors are expanding or contracting.
 
Over in the US, Dec 30 will also see the release of the minutes from the Federal Bank&rsquo s meeting in December. At that meeting, the central bank cut rates for the third time, but Fed members were split on the decision.
 
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