Welcome!
Sembcorp Marine (SembMarine)
Stocks To Watch
Seatrium shakes off its past with new contracts
According to Bloomberg data, as of March 11, Temasek had a 35.55% stake in Seatrium.
July 18, 2024
Offshore & Marine
Seatrium says asset-holding company to pay US$57 mil to Awilco as part of settlement for B379 newbuild contract
Rigco will also pay for the legal fees and costs incurred by Seatrium New Energy relating to the arbitrations for AR1 and AR2.
June 20, 2024
Company in the news
Ex-president of Seatrium Brazilian subsidiary Martin Cheah acquitted of corruption charges
Under Brazilian law, the Federal Prosecutors’ Office may appeal the decision to acquit Cheah.
December 26, 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
Results
Seatrium reports $264.4 mil loss for first-ever 1HFY2023 results since combination
However, the group achieved a positive ebitda of $27 million for the 1HFY2023.
July 28, 2023
Offshore & Marine
CPIB launches investigation into Seatrium for alleged corruption in Brazil (update)
The company appointed a former CPF board member as additional director on the same day.
May 31, 2023
Results
Seatrium reveals net order book of over $20 bil in 1QFY2023 business update
As at end-March 31, Seatrium has a net debt/equity ratio of 0.18 times, compared to 0.26 times as at end-December 2022.
May 12, 2023
Offshore & Marine
Seatrium secures contact for offshore projects worth $500 mil
The platforms, upon their completion, will be operated by Equinor.
May 05, 2023
Broker's Calls
Seven stocks to bet against and seven to slice, ahead of technical recession: DBS
DBS analysts Yeo and Foo see a downside risk to the STI at 3,180 points.
May 02, 2023
Offshore & Marine
Keppel FELS receives arbitral award against Awilco Rig 1
The contract with Awilco was worth about US$425 million ($567.0 million).
April 24, 2023