Seatrium Ltd (Seatrium), formerly Sembcorp Marine Ltd, is a provider of designs and engineering solutions for the marine, offshore and energy industries. The company's service offerings include rig building and offshore conversion of floating production and storage facilities; jack-up design, building and semi-submersible construction services; repair, refurbishment, retrofitting, upgrading and conversion of vessels, marine and offshore structures; and specialized shipbuilding solutions. Sembcorp Marine operates through its shipyards located across Singapore, Brazil, Norway, and the UK. The company serves drilling contractors, energy and shipping companies, owners, and operators of floating production units. Seatrium has operations spread across various regions of Europe, Asia, North and South America and other countries. It is a subsidiary of Startree Investments Pte Ltd. Sembcorp is headquartered in Singapore City, Singapore.
Headquarters
Singapore
Address
80 Tuas South Boulevard, Singapore, 637051
Website
seatrium.com
Telephone
65 6 2651766
No of Employees
11,308
Industry
Alternative Energy
Ticker Symbol & Exchange
S51 (SIN)
Revenue (2022)
$5.4B
274.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-672.3%
(2022 vs 2021)
Market Cap*
$3.9B
Net Profit Margin (2022)
XYZ
-106.3%
(2022 vs 2021)
* As of and is in US$
Seatrium Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Rigs | Rig Building and Offshore Conversion |
| Floaters | Repairs and Upgrades Services |
| Design and Building of Specialized Vessels |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company signed a non-binding memorandum of understanding with Shell Global Solutions International B.V. to explore and strengthen collaboration chance in Floating Production Systems. |
| 2024 | Contracts/Agreements | In April, the company signed a contract with MODEC Management Services to maintain and enhance the FPSO Pyrenees Venture. |
| 2024 | Contracts/Agreements | In April, the company signed a contract with Axess Technologies AS for an export cable pull-in system for Empire Wind 1, an 810 MW wind farm in New York, the US. |
Competitor Comparison
| Key Parameters | Seatrium Ltd | ASL Marine Holdings Ltd | MMA Offshore Ltd | Penguin International Limited | Nam Cheong Ltd |
|---|---|---|---|---|---|
| Headquarters | Singapore | Singapore | Australia | Singapore | Malaysia |
| City | Singapore | Singapore | Perth | Singapore | Kuala Lumpur |
| State/Province | - | - | Western Australia | - | - |
| No. of Employees | 11,308 | 622 | 1,100 | 440 | 2,920 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Chris Ong Leng Yeow | Chief Executive Officer; Director | Executive Board | 2023 | 48 |
| Chor How Jat | Chief Operating Officer | Senior Management | 2023 | - |
| Lee Chay Hoon | Chief People Officer | Senior Management | - | - |
| Lim Howe Run | Chief Risk Officer | Senior Management | - | - |
| William Goh | Director - Finance | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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