The Business Times
business-time-50

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

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

    TRENDING NOW

    Chee Hong Tat, minister for national development and deputy chairman of MAS, says there will be a new Investment Management Track under ONE Pass.

    MAS allocates S$1.45 billion to five asset managers in third EQDP batch: Chee Hong Tat

    From left: CDL’s group chief financial officer Yiong Yim Ming; group general manager Chia Ngiang Hong; group CEO Sherman Kwek; group chief operating officer Kwek Eik Sheng; and chief investment officer Gerald Yong.

    ‘My grandfather’s legacy’: Sherman Kwek lays out three-year plan for CDL to drive returns

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    Robots for various purposes from caregiving to making coffee on display at the Shanghai Humanoid Robot Innovation Incubator.

    ‘How many will survive?’: Bubble fears arise as China’s humanoid robotics face reality check

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More