Seatrium
Seatrium Limited (SGX: S51) is a Singaporean company. It is listed on the Singapore Exchange (SGX) and was formed from the merger of the two main offshore and marine companies in Singapore in 2023: Sembcorp Marine and Keppel Offshore & Marine.
| Company type | Public |
|---|---|
| SGX: S51 | |
| Industry | Offshore, Marine & Energy |
| Founded | 1963 (As Jurong Shipyard) |
| Headquarters | Singapore |
Key people | Mark Gainsborough, Chairman Chris Ong Leng Yeow, CEO |
| Owner | Temasek Holdings |
| Website | seatrium |
Sembcorp Marine was a subsidiary of Sembcorp until 2020, when the companies demerged following Sembcorp Marine's poor financial performance. Its stock value has plummeted continuously over the past decade, from SG$4.66 in 2013 to SG$0.13 in 2023. It has earned a reputation as one of the worst-performing companies on the Singapore Exchange
Seatrium's products and services include rigs & floaters, repairs & upgrades, offshore platforms and specialised shipbuilding. It conducts its businesses globally through shipyards in Singapore, Indonesia, the United Kingdom and Brazil.