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Oil & Gas
Petrobras CEO says Yemen crisis could send oil above US$90
Without any escalation, oil should continue trading between US$70 and US$90 this year
January 30, 2024
Results
Seatrium guides for net loss for FY2023
In line with its strategic review, Seatrium says it expects to make material non-cash write-down for surplus non-core assets.
January 30, 2024
Company in the news
Seatrium delivers Singapore’s first membrane LNG bunker vessel
Following delivery, Brassavola will be chartered by Pavilion Energy to supply LNG bunkering in the Port of Singapore.
January 29, 2024
Environmental, Social and Governance
Seatrium secures $400 mil green loan facility from UOB for eco-projects
The group has targeted to have 40% of its net order book made up of green projects by 2030.
January 23, 2024
Broker's Calls
OCBC Investment Research lowers Seatrium’s TP to 17.5 cents as offshore wind faces ‘stumbling blocks’
Despite the lower target price, the OCBC team expects Seatrium to return to profitability in FY2024.
January 05, 2024
Broker's Calls
Analysts keep TPs and estimates despite Seatrium’s project cancellation
The cancellation may negatively impact Seatrium's share price despite the relatively small contract compared to its order book.
January 04, 2024
Company in the news
One of Empire Offshore Wind’s contracts with Seatrium cancelled
The contract was valued at over $250 million.
January 04, 2024
Oil & Gas
Seatrium secures contract from Shell estimated at $400 million by DBS
The contract includes the installation of equipment provided by Shell and follows the LOI signed by both parties in August 2023.
January 02, 2024
Company in the news
Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Chartered
The loan facility will provide additional funding and liquidity to Seatrium, increasing its financial flexibility.
December 29, 2023
Company in the news
Seatrium subsidiary secures $400 mil early refinancing from DBS, with possible sustainability-linked conversion
The three-year committed loan facility includes a “sustainability-linked conversion option”.
December 28, 2023