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 |
Seatrium Limited is a Singaporean state-owned company. Formed in 2023, from the merger of Sembcorp Marine and Keppel Offshore & Marine, the company is listed on the Singapore Exchange (SGX).
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.[1][2]
Seatrium's products and services include rigs & floaters, repairs & upgrades, offshore platforms and specialised shipbuilding.[3] It conducts its businesses globally through shipyards in Singapore, Indonesia, the United Kingdom and Brazil.[4]
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