Contract WinsAugust has been a successful month for Seatrium with over S$300m of contracts won for powerships, FSRUs, and an FLNG vessel.
Divestment BenefitsThe divestment of the US yard, AmFELS, is viewed positively due to previous challenges with labor shortages and cost escalations.
Operating Expense ReductionOperating expenses are anticipated to decrease by S$20m annually following the divestment.