Seatrium will have to wait longer to catch wind in sail

WHILE strong demand and tight supply have buoyed Singapore-listed maritime players in general, analysts believe it could take some time for offshore and marine giant Seatrium to recover its profitability.

Maybank analyst Jarick Seet pointed out that Seatrium – which was formed after the consolidation of Sembcorp Marine and Keppel Offshore and Marine – has been winning more contracts recently.

However, he noted that the company has had to grapple with lawsuits as well as loss-making projects that it took on post-pandemic.