According to Seatrium on Feb 23, the cost savings expected will also take into account savings from recent divestments of the AmFELS yard in Texas and the GNL Platform Supply Vessels disclosed earlier.
Seatrium has made a series of divestments of non-core assets totalling $155.4 million which it says will help achieve some $50 million in annualised cost savings with better streamlined operations.
The company expects to make further divestments down the road.
