Seatrium Ltd    Last:2.05    -0.04

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

In a bourse filing on April 28, offshore and marine company Seatrium announced the successful closing of its inaugural $400 million, 2.95% fixed rate notes due in 2031. This issuance marks Seatrium?s first drawdown under its $3 billion multicurrency debt issuance programme.

The order book for the issuance exceeded $670 million, representing coverage of approximately 1.7 times. Seatrium notes that ?strong? demand for the notes from high-quality regional institutional investors ? fund managers, banks, corporates and high net worth individuals ? highlight the market?s confidence in Seatrium?s credit profile and growth strategy.

?The strong support and confidence from investors underscore the progress we have made in strengthening our financial position and enhancing our credit profile,? says Seatrium CFO Stephen Lu. ?We remain committed to prudent financial management and to building enduring partnerships with the capital markets as we continue to advance Seatrium?s growth agenda.?

Seatrium notes that the notes diversifies its funding sources, enhancing financial flexibility as it executes its ?robust? order book while maintaining disciplined capital allocation.

The proceeds will mainly be used to refinance existing borrowings, support working capital and capital expenditure requirements and/or other general corporate purposes.

Shares in Seatrium rose six cents or 2.6% to close at $2.40 on April 28.

 

Spotted hidden divergences in CCI and RSI in today' s trade that signaled the continuation of uptrending movement.    The shortselling has dropped to 15% with a trading volume of 13 million.  Lets see if the price will go up  and it will cause a short squeeze tomorrow

 

01:16 AM EDT, 04/28/2026 (MT Newswires) -- Seatrium Financial Services, a unit of Seatrium (SGX:5E2), filed for the listing of SG$400 million worth of 2.95% senior unsecured bonds due 2031 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.

The bonds will be listed and quoted in the Bonds Market on April 29, the offshore and energy solutions company added.

 

time to squeeze...hua ahhh

stockpicker      ( Date: 28-Apr-2026 09:18) Posted: Shortsell yesterday was about 35% of trading volume of 20 million.  Worth about $16 millioin.    Those shortists who shorted on 18 Apr nmade some money.  Not sure if they can expect to earn more this round.  35% shortsell volume is not too high but if they tried to offload,  it will push the price up as the cummulated shortsell over days are rather high.

 

Shortsell yesterday was about 35% of trading volume of 20 million.  Worth about $16 millioin.    Those shortists who shorted on 18 Apr nmade some money.  Not sure if they can expect to earn more this round.  35% shortsell volume is not too high but if they tried to offload,  it will push the price up as the cummulated shortsell over days are rather high.

 

Seatrim tried but failed to regain its position.  It fell below the support trendline at low volume.    Ket see if it can do a recovery since FTI and SBM are both doing well

 

The equivalent of seatrim in US is TechpicFMC(FTI) and in Japan is MODEC (6269) and in Netherland,  SBM (SBMO).  FTI and SBMO has been going up but 6269 is a loser which has been going down since the last peak about 1 week ago.  6269 is going down because it is not doing well,  only able to secure some subcontracting work from China shipyard.  Not sure why Seatrim is following 6269

 

Good chance for the loyalist to accumulate. Big discounts! 

 

https://fortune.com/2026/04/23/seatrium-ceo-chris-ong-iran-energy-offshore-wind/

How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
By Nicholas Gordon and Angelica Ang
April 23, 2026, 5:00 PM ET

Over in Singapore's Tuas industrial district, workers are assembling a giant floating production, storage, and offloading (FPSO) unit, part of the infrastructure that separates crude oil from what's pulled up from offshore reservoirs. Next to it is a giant Goliath crane, which can lift up to 30,000 tons in a single heave a gleaming white Royal Caribbean cruise ship sits just a few docks away

===== paywall ======

 

Biz Times 24 April 7.20pm

No prosecution for Seatrium over Brazilian corruption offences, High Court approves US$110 million penalty

This is the first deferred prosecution agreement approved by the Singapore court that involves a corporate entity

[SINGAPORE] Seatrium will not face criminal prosecution in Singapore over corruption offences in Brazil after the High Court approved a deferred prosecution agreement in which the company will pay a net sum of US$57 million to local authorities.A deferred prosecution agreement is a deal in which the prosecution agrees to defer criminal charges against a corporate offender in exchange for its compliance with certain conditions.

In Seatrium?s case, those conditions are the payment of a financial penalty and a commitment to overhaul its internal ethics and compliance programmes. Under such an arrangement, the company will not face criminal prosecution so long as it meets all the conditions over the agreed period. Should it breach any of the terms, however, prosecutors can revive proceedings.

The deferred prosecution agreement was signed on Jul 30, 2025, making it the first such agreement approved by a Singapore court involving a corporate entity. In a bourse filing on Friday (Apr 27), the marine offshore engineering company confirmed that the High Court has given its approval, with no change to the terms of the agreement as originally signed with the prosecutor.

Penalty paidUnder the agreement, Seatrium is required to pay a total financial penalty of US$110 million to Singapore authorities. However, because Seatrium has already paid around US$130 million to Brazilian authorities for the same underlying misconduct, Singapore has agreed to credit up to US$53 million of that sum against the penalty.

The net amount payable to local authorities is therefore US$57 million, equivalent to approximately S$73.3 million.

Seatrium said it had already made the necessary provisions for the payment in its FY2025 financial statements, and that Friday?s court approval would therefore have no material impact on the net earnings or net tangible asset per share of the group for the financial year ending Dec 31, 2026.long-running legal matter stemming from Operation Car Wash, Brazil?s largest corruption probe, which began in 2014.The investigation uncovered a widespread network of illicit payments from corporate executives to politicians in exchange for favourable contracts with state-owned oil company Petrobras.

In 2023, Singapore authorities began investigating Seatrium in connection with the corruption scandal.The Corrupt Practices Investigation Bureau announced on May 31, 2023, that it had commenced investigations into Seatrium and individuals from the company for alleged corruption offences in Brazil.A year later, the Monetary Authority of Singapore and the police?s Commercial Affairs Department launched a separate joint investigation into potential offences under Singapore?s securities laws, also linked to the probe.Investigations were concluded, with the company?s conduct addressed in the courts through the deferred prosecution agreement.Shares of Seatrium rose 1.7 per cent or S$0.04 to S$2.41 on Friday before the announcement.

 

I received a " not useful" rating for this post.  Looks like the person is not a fan of Seatrium

JurongW      ( Date: 24-Apr-2026 17:43) Posted:

 

APPROVAL BY HIGH COURT OF THE DEFERRED PROSECUTION AGREEMENT WITH SINGAPORE AUTHORITIES

Singapore, 24 April 2026 - Seatrium Limited (the "Company" and together with its subsidiaries, the "Group") refers to its previous announcements on the Deferred Prosecution Agreement ("DPA") with the authorities in Singapore in connection with Operation Car Wash.

The DPA was signed on 30 July 2025 and is subject to the approval of the General Division of the High Court in Singapore.

The Company wishes to update that the General Division of the High Court in Singapore has today approved the DPA. There is no change to the terms of the DPA as signed and agreed with the Public Prosecutor.

Under the terms of the signed DPA, the Company is required to pay a financial penalty of US$110.0 million and up to a maximum of US$53.0 million of the payments made by the Company to the Brazilian authorities in connection with Operation Car Wash can be credited against the financial penalty. Accordingly, the amount payable by the Company to the Singapore authorities under the DPA is US$57.0 million (equivalent to approximately S$73.3 million¹).

The Company has made the necessary provisions for the above payment in its FY2025 financial statements. There is therefore no material impact on the net earnings and net tangible asset per share of the Group for the financial year ending 31 December 2026.

JurongW      ( Date: 24-Apr-2026 17:43) Posted:

 

I don't work for Seatrium. i hold long to make profit, 4 dollar hust ahhh...

Tob231      ( Date: 23-Apr-2026 23:04) Posted: huh .. you mean Eugesun is not vested and always shout $10 Cannot be   .... he agreed with me $4 (at least) is the rightful price. No, $4 i won' t sell  CEO  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 " stronger and leaner" than before. Look at YZJ CEO said one word " move to HK" ... look at Maritime' s price went up aiyo ...   dividend 3c ... look at how much your peer is paying 20c no lah ... don' t think Eugesun is working for Seatrium if you think I am working   Seatriun ... lagi cannot be .... fedup with their hypocrisy ... full of BS .. why would I work for Seatrium

 

 

Back to square one.

 

Running

Tracer63      ( Date: 24-Apr-2026 08:53) Posted: Accumulate Seatrium

 

What price to buy?

 

Accumulate Seatrium

 

Definately not you. 

Despite lacklusture performance of Seatrium, there is still strong support for the management. What is the benefit of buying this share when dividend is low and no increase in share price? Without consolidation it should only still be a 12 cents share today. The honeymoon period of the management is long overdue. 

Tob231      ( Date: 23-Apr-2026 23:04) Posted: huh .. you mean Eugesun is not vested and always shout $10 Cannot be   .... he agreed with me $4 (at least) is the rightful price. No, $4 i won' t sell  CEO  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 " stronger and leaner" than before. Look at YZJ CEO said one word " move to HK" ... look at Maritime' s price went up aiyo ...   dividend 3c ... look at how much your peer is paying 20c no lah ... don' t think Eugesun is working for Seatrium if you think I am working   Seatriun ... lagi cannot be .... fedup with their hypocrisy ... full of BS .. why would I work for Seatrium

 

huh .. you mean Eugesun is not vested and always shout $10
Cannot be   .... he agreed with me $4 (at least) is the rightful price. No, $4 i won' t sell 
CEO  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 " stronger and leaner" than before.
Look at YZJ CEO said one word " move to HK" ... look at Maritime' s price went up
aiyo ...   dividend 3c ... look at how much your peer is paying 20c
no lah ... don' t think Eugesun is working for Seatrium
if you think I am working   Seatriun ... lagi cannot be .... fedup with their hypocrisy ... full of BS .. why would I work for Seatrium