Stocks to watch: Seatrium

THE following company saw new developments that may affect trading of its securities on Tuesday (Jul 23):

Seatrium : The offshore and marine specialist has secured S$180 million worth of contracts to repair and upgrade various types of ships, such as offshore vessels, ferries and tankers. All the projects, except one, are slated for completion by the end of the year, said Seatrium on Tuesday. Shares of Seatrium closed 0.7 per cent or S$0.01 lower at S$1.45 on Monday.