Contract WinsAugust has been a successful month for Seatrium with over S$300m of contracts won for powerships, FSRUs, and an FLNG vessel.
Divestment ImpactThe divestment of the US yard, AmFELS, is viewed positively due to previous challenges with labor shortages and cost escalations.
Orderbook And PipelineSeatrium has an S$18.6b orderbook and a S$30b pipeline, positioning it well in offshore, renewables, and energy transition projects.