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Seatrium CEO urges investors to stay the course as company tackles ‘energy trilemma’

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Uma Devi

Uma Devi

Published Mon, Apr 8, 2024 · 05:00 AM
    • Seatrium has a slew of products and revenue streams – oil products, jack-ups, FPSO systems, as well as the renewable offshore platform space. 
    • Seatrium has a slew of products and revenue streams – oil products, jack-ups, FPSO systems, as well as the renewable offshore platform space.  PHOTO: BT FILE

    SHAREHOLDERS of Seatrium – a company formed after a mega-merger between Keppel Offshore & Marine (Keppel O&M) and Sembcorp Marine (Sembmarine) – have been put through the wringer of late.

    Not only have they had to part with money to support two deeply discounted rights issues, they have not been getting dividend payouts from the stock. Seatrium’s share price, at S$0.084 as at market close on Friday (Apr 5), would have shareholders questioning how much longer they should hold on.

    In an interview with The Business Times, Seatrium’s chief executive Chris Ong said he was grateful to the retail investors for their “patience and loyalty”.

    seatriumOffshore & MarineOil and gasRenewable energyenergy transitionSpotlight

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