Seatrium Limited (SG:5E2) has released an update.
Seatrium Limited announced a strong start to 2024 with the successful delivery of the Brassavola LNG Bunker Vessel and the completion of 67 repair and upgrade projects. The company’s net order book has reached S$25.8 billion thanks to significant new contracts, including projects for Petrobras and Shell, and has established a S$100 million share buyback program. Additionally, Seatrium has secured a substantial Green Revolving Loan Facility, contributing to its strategic growth in offshore renewables.
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