Seatrium

🤝 We are pleased to share that Seatrium has awarded a Classification contract to the American Bureau of Shipping (ABS) for the newbuild floating production storage and offloading vessels (FPSO) platforms P-84 and P-85. These FPSOs are the first to be awarded following our historic Technology Collaboration Agreement (TCA) with ABS, which aims to promote #decarbonisation, #digitalisation, and #innovation in the offshore and marine industry. The FPSOs will incorporate advanced technologies that enhance operational efficiency and reduce environmental impact. With features like zero routine flaring and venting, variable speed drives, and measures to control emissions and capture CO2, including an all-electric concept, we target to achieve a 30 percent reduction in greenhouse gas emissions intensity. 🤝 Additionally, Seatrium and ABS are collaborating to drive #digitalcollaboration and enhance lifecycle services in the offshore, marine and energy sectors. Together, we are promoting a shift towards a Condition-based Class methodology, empowering asset owners with data-driven insights and streamlining maintenance practices. Our partnership will also focus on achieving operational excellence through joint trials and the qualification of 5G-based remote inspection solutions. This will revolutionise operational processes and enhance efficiency at Seatrium's yards globally. 💪 We are thrilled to collaborate with ABS and shape the future of the offshore and marine industry. Together, we aim to make significant advancements in decarbonisation, digitalisation, and innovation! #WeAreSeatrium #FPSO #OffshoreandMarineIndustry #digitalcollaboration #sustainability #decarbonisation

The Straits Times has featured an insightful article on Seatrium's remarkable transformation and turnaround journey. We are thrilled to share our progress and thank Ven Sreenivasan from The Straits Times for highlighting our story!   ✨ Key highlights from this feature: 📌 Over the past year, Seatrium has focused on integration and expanding our global brand presence. We are proud to announce a threefold increase in EBITDA and a net orderbook of approximately S$26 billion. 📌 We have successfully diversified our services, offering a wide array of energy-related solutions in both traditional oil and gas sectors and renewable energy. This expansion reflects our commitment to meeting the evolving needs of our valued customers. 📌 Under a new leadership team with deep experience in the offshore & marine sector, we have set ambitious targets for the future. Our goal is to achieve an EBITDA of over S$1 billion and an 8% return on equity (ROE) by 2028, while keeping net leverage less than 3 times. 📌 We are also actively addressing historical challenges and working hard to tackle and resolve legacy issues. Our customers have expressed their unwavering confidence in Seatrium, recognising our commitment to compliance, sustainability, and improved financial stability.   Seatrium is poised to be a global champion in the offshore, marine and energy sector. We are excited to drive #innovation, embrace opportunities in #renewables, and create #sustainable value for our shareholders and stakeholders! Read the full article in The Straits Times for an inspiring read on our transformation journey! ➡ https://lnkd.in/g3PqvZwD #WeAreSeatrium #Transformation #Innovation #EngineeringExcellence

Seatrium is pleased to share that we have secured a Favoured Customer Contract with Teekay Shipping Australia (Teekay), marking our first long-term strategic partnership agreement with a leading ship management company from Down Under. Under this agreement, Seatrium will be responsible for the repairs and upgrades of a fleet of vessels under Teekay's Australia Defence Maritime Support Services Program (DMSSP). The contract includes the refit of a series of vessels over the next two years, of which Seatrium will be collaborating closely with Teekay in joint planning, information sharing, and leveraging mutual experience to facilitate the successful execution of these projects.   This partnership is a significant milestone for Seatrium as it showcases our expertise in specialised repairs for the maritime defence and security segment. In addition, securing a FCC with our strategic partner facilitates forward capacity planning, joint value creation and grow the baseload of orders from our Repairs & Upgrades business. Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said, “We are delighted to be chosen as the strategic partner for Teekay Shipping Australia. This agreement not only highlights our expertise in specialised repairs for naval and maritime security related projects, but also demonstrates our dedication to delivering excellence and customised solutions to our partners. We would like to thank Teekay Australia for the trust and confidence in Seatrium, and we look forward to our successful collaboration."   At Seatrium, we take pride in being the preferred choice for repairs and upgrades, offering comprehensive solutions across various vessel types and offshore structures. Our goal is to provide vessel owners with highly customised, proactive, and holistic solutions for all their repair and upgrade needs. We thank Teekay Shipping Australia for their trust and confidence in Seatrium and look forward to a fruitful and successful partnership!   #WeAreSeatrium #StrategicPartnership #SingaporeMaritime #RepairandUpgrades

We are pleased to announce that Seatrium has successfully secured a Favoured Customer Contract with Angelicoussis Group, Greece's largest shipping company, signifying a significant milestone for both parties involved. Over the next two years, with a potential one-year renewal option, Seatrium will undertake the responsibilities of refitting 10 to 15 vessels per year, including LNG carriers, tankers, and bulk carriers. This momentous agreement entails close collaboration, joint planning, information exchange, and experience sharing with Angelicoussis Group, resulting in a streamlined and efficient retrofitting process. We are truly honored to have been chosen as the preferred partner by Angelicoussis Group, known for their distinction as Greece's largest shipping group and one of the world's largest privately-owned fleets. This Favoured Customer Contract not only reasserts Seatrium's position as a leader in the global ship repair market but also highlights our unwavering dedication to embarking on a shared journey of growth, trust, and mutual success. We are thrilled and privileged to embark on this fruitful journey, together we are committed to optimizing operational efficiencies while upholding the highest standards of quality, safety, and environmental sustainability! #WeAreSeatrium #StrategicPartnership #ShipRepairs #Retrofits

Seatrium is pleased to share that we have successfully commenced the steel fabrication for "Sea Challenger", a Global Offshore Installation Vessel of which we are conducting major retrofits and upgrades. The first #steel, which was cut at Seatrium’s Pioneer Yard, marks an important milestone in the project, which will see us performing engineering works, the fabrication and installation of a new crane and upgraded leg jacking systems over the next months, to deliver a Global Offshore Installation Vessel with an upgraded 1,600-metric tons crane that will serve the wind farms in Japan and contribute to the country’s #energytransition. We are very much looking forward to working with our client, Japan Offshore Marine (JOM), a Joint Venture between Penta-Ocean Construction and DEME, on the successful delivery of this project! #WeAreSeatrium #StrikeSteelCeremony #StrategicPartnership #EnergyTransition

🙌 We are absolutely thrilled to share about Seatrium's inaugural Bowling Tournament, which took place last week at Westwood Bowl @ Bukit Batok Civil Service Club. 🎳 This exhilarating event was organised by WaveRiders, a health and well-being sub-division of WaveMakers (our social and recreational arm), and it was a smashing success! 🏅 We had 24 teams, comprising 96 bowling fanatics (74 men and 22 ladies) from various yards, who gave it their all to compete fiercely for a shot at glory! The atmosphere was electric, and tension was in the air as our skilled bowlers unleashed their skills over four intense games in just three hours! 🎉 Our heartiest congratulations to the bowling champions who brought the house down! Hip hip hooray! Special mention of the Top 3 Teams!  🥇 Gold – Rising Bowler (Total 2548 pins)  🥈 Silver – Strike 4.4 (2260 pins)  🥉 Bronze – Turbo Titans (1956 pins)   @Tan Cheow Nam, Senior Vice President (HR Operations), and Simon Kuik, Senior Vice President (Sustainability), graced the event and presented the winners with their well-deserved trophies and medals. 🏆 Our heartiest congratulations to all the winners, and an enormous Thank You to all participants who made this event exceptional! 👏 From heart-pounding strikes to team camaraderie, the inaugural Seatrium Bowling Tournament was truly a celebration of our shared passion for sports, well-being, and the indomitable spirit of One Seatrium! 💪 #WeAreSeatrium #BowlingTournament #WaveMakers #WaveRiders #OneSeatrium

Seatrium is pleased to have participated in the IEC (International Electrotechnical Commission) Board's dialogue session on "Standards supporting emerging technologies and sustainability," organised by Enterprise Singapore   During the session, Aziz Merchant, Executive Vice President, Engineering, Technology & New Product Development, delivered a compelling presentation on the transformative power of #offshorewind energy in driving #sustainable economic growth. The dialogue session shed light on the challenges of offshore wind grid connection and permitting processes while emphasising the importance of industry standardisation to accommodate larger turbine sizes. It also highlighted the potential of #offshore wind energy in shaping a #sustainable future.   Singapore is taking bold steps towards achieving #NetZero by 2050 and positioning itself as a leading #renewable energy hub. At Seatrium, our #offshore capabilities are instrumental in supporting these goals. We actively drive innovation in offshore substations, floating turbine foundations, and mooring systems through strategic collaborations with industry leaders and research institutions. This steadfast commitment strengthens Singapore's offshore wind capacity and contributes to the development of sustainable energy solutions. Leveraging our global expertise, we aspire to lead in offshore wind construction, repair, and new fuel production, propelling Singapore to the forefront of the #renewable energy industry.    #WeAreSeatrium #RenewableEnergy #OffshoreWind #Sustainability #Innovation #GreenFuture

#Seatrium is pleased to share that it has made the inaugural edition of #Fortune500 Southeast Asia list, including being ranked top in our sector! 🎉🎉🎉   The debut #Fortune500 Southeast Asia list was published earlier this week, where Seatrium was featured alongside leading companies from seven Southeast Asian nations including Indonesia, Cambodia, Thailand, Malaysia, Singapore, Vietnam and The Philippines, ranked by revenue.   This latest accolade is a testament to our continued growth and success as well as the dedication and hard work of #TeamSeatrium💪. We are grateful for this recognition and would like to thank our employees, distinguished clients and industry partners for their unwavering support in our #transformational journey together!   Link to Fortune500 Southeast Asia list: https://lnkd.in/gaTQuWph

🇸🇬 Seatrium Successfully Hosted #OMAE2024 Delegates 🌊 We were honoured to welcome close to 30 distinguished delegates from leading companies, academic institutions, and offshore & marine associations at the 43rd International Conference on Ocean, Offshore & Arctic Engineering #OMAE2024 for a remarkable technical tour at our flagship Tuas Boulevard Yard (TBY)! In his Opening Remarks, Murthy S Pasumarthy, Assistant Vice President of Seatrium's SMDTech and Global Tech Centers, warmly greeted the visitor group and shared insights on our state-of-the-art Tuas Boulevard Yard (TBY), symbolizing our unwavering commitment to excellence in the offshore, marine, and energy industries. The delegates embarked on a fascinating bus tour around our flagship yard, experiencing firsthand the innovative solutions and technologies that define Seatrium. Delegates gleaned insightful takeaways of our TBY facilities such as optimized docking and berthing operations, centralized layout, and automation. From our seven dry docks and 12 berthing facilities to our high-capacity gantry twin cranes with a lifting capacity of 30,000 metric tons, and our solar-powered steel fabrication facility (generating over 12 750 MWh/year of solar energy to fulfil 60% of our steel fabrication facility's electricity needs), TBY stands at the forefront! We wish to express our deepest gratitude to all the #OMAE2024 delegates for joining us and contributing to the success of #OMAE2024! TCOMS - Technology Centre for Offshore and Marine, Singapore ASME (The American Society of Mechanical Engineers) #WeAreSeatrium #OMAE2024 #TuasBoulevardYard #OffshoreEngineering #MarineIndustry #Sustainability #Innovation

🌍 Exciting news! Seatrium has just brought home the GOLD in the Singapore Welding Competition, organised by the Singapore Welding Society!🏆 Our remarkable team, consisting of four talented welders from Tuas Boulevard Yard and Admiralty Yard, competed against 40 other skilled welders from competing companies and emerged as the #Champions in both the Shielded Metal Arc Welding (SMAW) and the Gas Tungsten Arc Welding (GTAW) categories! 💖 Our heartiest congratulations to our welders, Mr Marlothu Siva and Mr HossaIn Mosharof from #TeamSeatrium who participated in this competition! This outstanding achievement has earned us the honour of representing Singapore in the upcoming 2024 Arc Cup International Welding Competition in China. ✈️ We extend our heartfelt gratitude to our team members for their incredible efforts and to everyone who has supported us on this fantastic journey. This accolade is a testament to our team's hard work, dedication, and expertise, which exemplified our core value of #Excellence in true #TeamSeatrium spirit!💪 #WeAreSeatrium #PeopleofSeatrium #SeatriumWeldingExcellence #SingaporeWeldingCompetition #ArcCup2024