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They only make SGX announcement if deal is above $100mil
In this case, no.
In this case, no.
Trainner ( Date: 11-Dec-2025 15:55) Posted:
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https://investors.seatrium.com/newsroom/Seatrium_Secures_Repeat_Jack-up_Rig_Contract_from_International_Maritime_Industries_for_Kingdom_4.pdf
Trainner ( Date: 11-Dec-2025 15:55) Posted:
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Is this announced in SGX? could not find.......
eugesun ( Date: 11-Dec-2025 15:39) Posted:
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Good news, time to load up...huat ahhh
Joelton ( Date: 11-Dec-2025 11:48) Posted:
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Seatrium earns repeat jack-up rig Kingdom 4 order from International Maritime Industries
International Maritime Industries (IMI), the largest shipyard in the MENA (Middle East and North Africa) region, has awarded a repeat contract for a jack-up rig to Seatrium Offshore Technology, a subsidiary of Seatrium Ltd.
Similar to the Kingdom 3 contract awarded earlier this year, Seatrium will supply equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU) which will be named Kingdom 4.
The LeTourneau Super 116E Class is part of Seatrium&rsquo s next-generation jack-up rig designs and is tailored for operational requirements in MENA. With 343-foot (104.5 m) legs, a 1.5-million-pound (680,000 kg) hook load capacity and &ldquo advanced cyber systems&rdquo , the rigs are designed to withstand and operate in harsh offshore environments.
The Kingdom 4 contract is the 45th order for the LeTourneau Super 116 series. Seatrium also shares that it has designed and contributed to the cons
estimated S$150-200m but definitely better than the legacy deal ... more meaty
Small potatoe deal. But no fish, will have to make do with shrimp.
n3wbie ( Date: 10-Dec-2025 23:41) Posted:
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Hope the streak of contract wins continues!
War3craft2003 ( Date: 10-Dec-2025 22:40) Posted:
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https://www.theedgesingapore.com/news/offshore-marine/seatrium-earns-repeat-jack-rig-kingdom-4-order-international-maritime
Seatrium earns repeat jack-up rig Kingdom 4 order from International Maritime Industries
International Maritime Industries (IMI), the largest shipyard in the MENA (Middle East and North Africa) region, has awarded a repeat contract for a jack-up rig to Seatrium Offshore Technology, a subsidiary of Seatrium Ltd.
Similar to the Kingdom 3 contract awarded earlier this year, Seatrium will supply equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU) which will be named Kingdom 4.
The LeTourneau Super 116E Class is part of Seatrium?s next-generation jack-up rig designs and is tailored for operational requirements in MENA. With 343-foot (104.5 m) legs, a 1.5-million-pound (680,000 kg) hook load capacity and ?advanced cyber systems?, the rigs are designed to withstand and operate in harsh offshore environments.
The Kingdom 4 contract is the 45th order for the LeTourneau Super 116 series. Seatrium also shares that it has designed and contributed to the construction of more than half of all jack-up rigs in service worldwide, including 65% of those operating in the Middle East.
Seatrium earns repeat jack-up rig Kingdom 4 order from International Maritime Industries
International Maritime Industries (IMI), the largest shipyard in the MENA (Middle East and North Africa) region, has awarded a repeat contract for a jack-up rig to Seatrium Offshore Technology, a subsidiary of Seatrium Ltd.
Similar to the Kingdom 3 contract awarded earlier this year, Seatrium will supply equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU) which will be named Kingdom 4.
The LeTourneau Super 116E Class is part of Seatrium?s next-generation jack-up rig designs and is tailored for operational requirements in MENA. With 343-foot (104.5 m) legs, a 1.5-million-pound (680,000 kg) hook load capacity and ?advanced cyber systems?, the rigs are designed to withstand and operate in harsh offshore environments.
The Kingdom 4 contract is the 45th order for the LeTourneau Super 116 series. Seatrium also shares that it has designed and contributed to the construction of more than half of all jack-up rigs in service worldwide, including 65% of those operating in the Middle East.
Marco Polo Marine above 0.15 almost 3x YTD price. This hopeless counter still struggling at 0.103 pre consolidation price.
Good for you to have sold all. It is horrible to see the queue to sell at a low
2.07 is now 2 million while buying at 2.06 is only 140 ....SAD!!
2.07 is now 2 million while buying at 2.06 is only 140 ....SAD!!
QueenMaya ( Date: 10-Dec-2025 12:20) Posted:
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I have sold every single share and own nothing.
Waste of time. Missed out on so many good ones
holding on to this.
luckyboy22 ( Date: 09-Dec-2025 15:17) Posted:
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Many investors have been discounting offshore wind as a growth driver for STM but this latest development would be positive:
Trump&rsquo s Wind Energy Ban Struck Down by US Federal Judge - Bloomberg
Trump&rsquo s Wind Energy Ban Struck Down by US Federal Judge - Bloomberg
Just buy low and sell high, 1 year 50% gain.
Very predictable.
luckyboy22 ( Date: 09-Dec-2025 15:17) Posted:
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I have so much faith in Seatrium but it is beginning to disappoint me 
Shorts winning and holding my trigger...huat ahh
Speediman ( Date: 02-Dec-2025 12:56) Posted:
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Market have more or less digested this bad contract when prices fell 20-30cts.
Other buyers might happily take advantage to buy cheaper and get quick delivery
Joyoftheworld ( Date: 02-Dec-2025 09:36) Posted:
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Have to write off the 80% until they find an alternative buyer. S$500mil or 2025 whole year' s profit gone.
LoudShout ( Date: 02-Dec-2025 08:55) Posted:
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Disclosed only one bad apple left by legacy with this lelong contract that 80 per cent to be paid upon completion and delivery.
Basically, Seatrium is being taken for a ride with such a legacy contract.
Basically, Seatrium is being taken for a ride with such a legacy contract.
Seatrium to start its own arbitration in US$475 million contract termination dispute
The contract, which is 98.9 per cent complete, is for the construction of a wind turbine installation vessel in an US offshore wind farm
[SINGAPORE] Seatrium : 5E2 +0.47% is starting its own arbitration proceedings against a Maersk Offshore Wind affiliate for the termination of a US$475 million contract that was inked in 2022.
In a bourse filing on Saturday (Nov 29), the offshore, marine and energy specialist said it was seeking a declaration that the buyer wrongfully terminated the contract, confirmation that the contract remains valid, an order for the buyer to take delivery and pay the instalment due, and alternatively, for damages to be assessed.
Seatrium added that 80 per cent of the contract price is to be paid upon delivery &ndash a legacy structure from before Seatrium&rsquo s merger with Keppel Offshore & Marine, which is unlike its usual milestone-based contract.
The financial impact of the arbitration can therefore only be ascertained when the group has more visibility on the final outcome, it said.
In early October, Seatrium received a termination notice for the contract with a Maersk affiliate for the construction of a wind turbine installation vessel at an US offshore wind farm. The project was scheduled to be completed in early 2025.
On Oct 22, Seatrium said it rejected the notice of termination, stating that the Maersk affiliate was &ldquo in repudiatory breach of the contract&rdquo . It added that it &ldquo reserved all its rights against the buyer for wrongful termination&rdquo .
Seatrium also sent a notice to the buyer that the vessel, which is 98.9 per cent complete, will be delivered on Jan 30, 2026.
In response, the buyer had issued Seatrium a notice of arbitration over the contractual dispute. The notice stated that such disputes are to be referred to arbitration in London, in accordance with the current London Maritime Arbitrators Association terms.
The arbitration notice did not contain any particulars of the alleged disputes, the buyer&rsquo s claims or the reliefs sought by the buyer, said Seatrium.