Seatrium Finalises Divestment of AmFELS Yard in Texas

Seatrium Limited ( (SG:5E2) ) just unveiled an announcement.

Seatrium Limited has completed the divestment of its AmFELS yard in Brownsville, Texas, as of 30 January 2025, marking an operational exit from that U.S. facility. All projects at the yard were finished and delivered before completion of the sale, indicating a planned and orderly transition that allows the group to redeploy resources in line with its strategic focus on offshore renewables, new energies and cleaner offshore and marine solutions across its global network of shipyards and engineering centres.

The most recent analyst rating on (SG:5E2) stock is a Buy with a S$2.96 price target. To see the full list of analyst forecasts on Seatrium Limited stock, see the SG:5E2 Stock Forecast page.

More about Seatrium Limited

Seatrium Limited is a Singapore-headquartered provider of engineering solutions to the global offshore, marine and energy industries, with more than 60 years of experience in designing and constructing rigs, floaters, offshore platforms and specialised vessels, as well as repairing, upgrading and converting diverse ship types. Its key business segments span Oil & Gas Newbuilds and Conversions, Offshore Renewables, Repairs & Upgrades and New Energies, with a growing emphasis on sustainable solutions that support the global energy transition and maritime decarbonisation for customers such as major energy companies, vessel owners, shipping firms and cruise operators.

YTD Price Performance: -2.31%

Average Trading Volume: 9,055,134

Technical Sentiment Signal: Sell

Current Market Cap: S$7.15B

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