The Business Times
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Offshore & Marine

Companies & Markets

No prosecution for Seatrium over Brazilian corruption offences, High Court approves US$110 million penalty

Both vessels have been delivered in Q2, Nam Cheong says.
Companies & Markets

Nam Cheong sells two offshore support vessels for US$36.7 million

With the new contracts, 25 out of Nam Cheong’s 36-vessel fleet are now under long-term charters.
Companies & Markets

Nam Cheong bags RM102.5 million in vessel charter contracts

The planned order comes as Trump faces heavy political pressure to tackle rising fuel prices ahead of the November midterm elections.
Energy & Commodities

Trump to invoke emergency law for offshore oil producer Sable

Seatrium's final dividend will be paid on May 18, after the record date of May 6.
Companies & Markets

Seatrium H2 profit up 48.3%; full-year profit doubles on stronger margins, oil and gas revenue

There will be no adjustments for the levy rate of higher-skilled Work Permit holders.
Singapore
SINGAPORE BUDGET 2026

Levy for basic-skilled Work Permit holders to increase

Nam Cheong chief executive Leong Seng Keat said the group is currently in a “sweet spot”, supported by its complementary chartering and shipbuilding businesses.
Companies & Markets
HOT STOCK

Shipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale

The Sarawak-based offshore support vessel provider says the divestment is part of its fleet reprofiling initiatives.
Companies & Markets

Nam Cheong sells vessel for US$20.5 million to Vietnam firm

Upon delivery of the vessel by Feb 28, 2026, Seatrium will receive upfront payment of about US$110 million.
Companies & Markets

End-buyer of Seatrium-Maersk vessel caught in Trump’s stop-work order

Seatrium expects sustained demand for oil and gas assets from rising global energy consumption, especially from data centres and artificial intelligence technologies.
Companies & Markets
BROKERS’ TAKE

Seatrium back on track with estimated S$2 billion TenneT order: analysts

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