Sembcorp Marine (SembMarine) is proposing to have its name changed to Seatrium after the completion of the merger with Keppel Offshore & Marine (Keppel O&M).
The name change will be subject to the approval of the group’s shareholders. In a statement on April 3, SembMarine added that the change will not affect its identity or any of its rights and obligations. It will also not affect the rights of its shareholders or the group’s daily operations and financial standing.
Seatrium is a combination of the words “sea” and “atrium”, which reflects the business and its aspiration to become a “premier global player providing innovative engineering solutions for the offshore, marine and energy industries,” explains SembMarine.
Over 1,000 names were generated in the process to come up with the new name, the group adds.
Shares in SembMarine closed 0.4 cents higher or 3.48% up at 11.9 cents on March 31.
