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Seatrium’s nine-month net order book swells to S$24.4 billion

Year to date, the company has delivered three projects and completed 192 repair and upgrade projects

Benjamin Cher
Chong Xin Wei

Benjamin Cher &

Chong Xin Wei

Published Mon, Nov 11, 2024 · 08:42 AM
    • Seatrium's contract with Japanese construction company Penta-Ocean Construction is expected to be awarded in the first quarter of 2025.
    • Seatrium's contract with Japanese construction company Penta-Ocean Construction is expected to be awarded in the first quarter of 2025. PHOTO: SEATRIUM

    SEATRIUM ’S net order book for the nine months ended September rose to S$24.4 billion, with 30 projects under execution till 2031.

    Of the total projects, five are scheduled for delivery this year and they are worth S$107 million in net contract value, said the offshore and marine specialist in a business update on Monday (Nov 11).

    Year to date, the company has delivered three projects and completed 192 repair and upgrade projects.

    Financial resultsseatrium

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