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Seatrium’s net order book swells to S$17.7 billion, but firm expects loss for FY2023

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Mia Pei
Uma Devi

Mia Pei &

Uma Devi

Published Wed, Nov 8, 2023 · 08:37 AM
    • Seatrium's order book includes new contract wins of S$4.3 billion secured in the year, with 33 projects under execution till end-2023.
    • Seatrium's order book includes new contract wins of S$4.3 billion secured in the year, with 33 projects under execution till end-2023. PHOTO: SEATRIUM

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    SEATRIUM on Wednesday (Nov 8) announced that it had secured new contract wins of S$4.3 billion for the nine-month period till end-September, which took its net order book to S$17.7 billion.

    Projects related to renewables and green solutions contributed to about 40 per cent of the net order book, said the offshore and marine group in its third-quarter business update on Wednesday. The order book has 33 projects under execution till 2030, the company said in the update.

    Seatrium is a product of the combination of Sembcorp Marine and Keppel Offshore and Marine in February 2023.

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