Seatrium announced, on Oct 22, that it has secured $100 million worth of contracts for repairs and upgrades from its long-standing partners and regular customers.
The contracts are set to be completed by the first quarter of 2025 and span a range of complex projects including carbon capture and storage (CCS) retrofits, major repairs on yachts, cruise ships, liquefied natural gas (LNG) carriers, offshore vessels, tankers, as well as damage repairs.
Year-to-date (ytd), Seatrium has secured two CCS projects, three offshore refits and repairs on five vessels, as well as scheduled maintenance on two tankers.
As at 10.15am, shares in Seatrium are trading 2 cents higher or 1.02% up at $1.99.
