“The group continued to execute strongly into the first quarter of FY2023 and to date, has successfully delivered multiple key projects including notable repair and major refits projects,” says Seatrium in its business update.
Seatrium (SGX:S51
) (formerly known as Sembcorp Marine or SembMarine), has revealed that it has a net order book of over $20 billion with a total original contract sum of $27.8 billion in its business update for the 1QFY2023 ended March 31.
Of the total net order book, around $19.9 billion of products are under execution with ongoing repairs and upgrades projects making up the balance. Renewables and cleaner/green solutions comprise about 39% of the total net order book.
