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Seatrium
Company in the news
Seatrium secures US$500 mil facility with a sustainability-linked conversion option
The new facility includes a sustainability-linked conversion option that’s aligned with sustainability-linked loan principles.
October 02, 2023
New appointments
Seatrium appoints former Siemens chief of staff to its board
Following Schumann’s appointment, Seatrium’s board will now comprise 10 directors.
September 28, 2023
Broker's Calls
DBS keeps 'buy' call and 18 cents target price on Seatrium
'The tide is turning now'
September 22, 2023
Broker's Calls
UOB Kay Hian gets ‘positive vibes’ from Seatrium after tour of its FLNG project
UOB Kay Hian's analyst Adrian Loh has kept his "buy" call and target price unchanged at 19 cents.
September 13, 2023
Offshore & Marine
Seatrium uses $100 mil to repay loans; left with $300 mil from rights issue
The company last used another $200 million to repay a loan facility on July 28.
September 08, 2023
Insider moves
Fullerton acquires 116.9 million Seatrium shares at 14 cents each
Fullerton, a fund management firm under Temasek Holdings, paid around 14 cents each
August 30, 2023
Contracts
CGS-CIMB's Lim reiterates 'add' call on Seatrium on new project from Shell
Lim's 19 cents target price is based on 1.5x FY2024 book valu
August 28, 2023
Oil & Gas
Seatrium signs letter of intent with Shell for deep-water newbuild project in the US Gulf of Mexico
The final contract award is subject to the final investment decision by the project's partners Shell and Equinor.
August 28, 2023
Offshore & Marine
Ex-Seatrium commercial executive charged by CPIB for receiving $200,000 cash gratifications
The 61-year-old Malaysian received cash rewards from nine different contractors attempting to advance their own business.
August 16, 2023
Insider moves
Seatrium buys back 20 million shares following Keppel's further selling
Keppel has more than halved its stake in Seatrium
August 06, 2023