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Seatrium Ltd (Seatrium) offers engineering solutions for the offshore, marine, and energy sectors. The company's main activities include the design and construction of offshore platforms, rigs, floaters, and specialized vessels. It provides engineering, procurement, and installation of mobile offshore production units (MOPUs), floating production, storage, and offloading vessels (FPSOs), gas terminals, high-voltage direct current (HVDC) converter stations, wind turbine installation vessels (WTIVs), and others. Seatrium offers specialized vessels such as research and scientific survey vessels, naval support vessels, and renewable and offshore support vessels. The company provides repair and upgrade services for vessels and offshore structures, including dry-docking, refurbishment, retrofitting, life extensions, upgrading, and conversion. In addition, it also carries out ship chartering, trading in marine engineering-related products, collection and treatment of used copper slag, provision of harbor tug services to port users, and the processing and distribution of copper slag for blast cleaning purposes. The company has operations across Asia, Africa, Europe, North America, and South America. Seatrium is headquartered in Singapore.
Headquarters
Singapore
Address
80 Tuas South Boulevard, Singapore, 637051
Website
seatrium.com
Telephone
65 6 2651766
No of Employees
24,852
Industry
Transport and Logistics
Ticker Symbol & Exchange
5E2 (SIN)
Revenue (2024)
$8.8B
24.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
106.3%
(2024 vs 2023)
Market Cap*
$5.3B
Net Profit Margin (2024)
XYZ
65.9%
(2024 vs 2023)
* As of and is in US$
Seatrium Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Rigs | Engineering, Procurement, Construction, and Commissioning (EPCC) |
| Floaters | Design, Transportation, Installation, and Offshore Hook-Up |
| Offshore Platforms | Repairs and Upgrades: |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In May, the company signed an MoU with TCOMS and NAII to advance AI-enabled solutions for Maritime and Marine & Offshore systems in ocean environments. |
| 2026 | Divestiture | In April, the company sold the Tugboat fleet. |
| 2025 | Contracts/Agreements | In December, the company and GE Vernova secured a contract with TenneT to deliver a portion of the 2.2 GW BalWin5 HVDC offshore grid connection linking German North Sea wind farms to Germany’s onshore grid. |
Competitor Comparison
| Key Parameters | Seatrium Ltd | Hanwha Offshore Singapore Pte Ltd | ASL Marine Holdings Ltd | MMA Offshore Pty Ltd | China Merchants Jinling Shipyard (Nanjing) Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Singapore | Singapore | Singapore | Australia | China |
| City | Singapore | Singapore City | Singapore | Perth | Nanjing |
| State/Province | - | - | - | Western Australia | Jiangsu |
| No. of Employees | 24,852 | - | 622 | 1,400 | - |
| Entity Type | Public | Private | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Chris Ong | Chief Executive Officer; Director | Executive Board | 2023 | 51 |
| Stephen Lu | Chief Financial Officer | Senior Management | - | - |
| Chor How Jat | Chief Operating Officer | Senior Management | - | - |
| Lee Chay Hoon | Chief People Officer | Senior Management | - | - |
| Lim Howe Run | Chief Risk Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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