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An update from Seatrium Limited ( (SG:5E2) ) is now available.
Seatrium Limited has resolved its dispute with Phoenix II A/S, an affiliate of Maersk Offshore Wind, over a contract for the construction of a wind turbine installation vessel, reaffirming the existing contract and avoiding prolonged arbitration. Under the agreement, Seatrium Energy (International) will deliver the nearly completed vessel by 28 February 2026, with the buyer to pay the remaining US$360 million contract balance, including US$250 million financed through a 10-year, interest-bearing credit facility from Seatrium (SG) Pte. Ltd., secured by a mortgage and first-priority rights over the vessel and related bank accounts; all legal proceedings between the parties will be discontinued, and the company does not expect any material impact on its 2025 net tangible assets or earnings per share.
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-based engineering group operating in the offshore and marine sector, providing construction and related services for specialised vessels and energy infrastructure, including wind turbine installation vessels for the offshore wind industry.
YTD Price Performance: 0.78%
Average Trading Volume: 11,278,412
Technical Sentiment Signal: Sell
Current Market Cap: S$7.01B
See more insights into 5E2 stock on TipRanks’ Stock Analysis page.