Seatrium

Seatrium Ltd. (SGX: S51) is a global leader in engineering solutions for the offshore, marine, and energy sectors, headquartered in Singapore. Established in 2023 following the merger of Sembcorp Marine and Keppel Offshore & Marine, Seatrium combines decades of technical expertise and innovation to deliver sustainable infrastructure for a cleaner, smarter energy future.

With operations in over 10 countries and a workforce exceeding 20,000, Seatrium designs and builds some of the world’s most advanced rigs, vessels, renewable energy platforms, and maritime systems — all aligned with global net-zero and sustainability goals.

Purpose: “Engineering a sustainable, connected, and resilient future.”

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Historical Background

• 1963: Sembcorp Marine established to support Singapore’s growing ship repair and offshore industry.
• 1968: Keppel Offshore & Marine founded as Keppel Shipyard, specializing in marine engineering.
• 1990s–2000s: Both companies expanded globally, building oil rigs, floating production systems, and LNG carriers.
• 2020: The global energy transition reshaped the offshore industry, accelerating diversification into renewables.
• 2023: Merger completed — Seatrium Ltd. formed, creating one of the world’s largest integrated offshore and marine engineering groups.

This merger united Singapore’s two marine titans, consolidating engineering excellence, capacity, and innovation under one strong, future-ready brand.

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Core Business Segments

Seatrium operates through four key business pillars, reflecting its strategic transformation toward sustainability and future energy.

1. Offshore Renewables

• Designs and constructs wind turbine installation vessels (WTIVs), offshore substations, and floating wind platforms.
• Key projects include:
  • Hornsea Wind Projects (UK) – world-leading offshore wind platforms.
  • Ørsted and RWE collaborations for next-generation renewable structures.
• Focused on green energy infrastructure for Europe, the U.S., and Asia-Pacific.

Seatrium is positioning itself as a global enabler of the clean energy transition.

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2. Oil, Gas, and New Energies

• Engineering expertise in LNG carriers, FPSOs (Floating Production Storage & Offloading units), and offshore production platforms.
• Integrating carbon capture, ammonia, and hydrogen-ready designs in new projects.
• Continued servicing of global clients like Shell, TotalEnergies, and Petronas with cleaner, more efficient solutions.
• Transitioning from fossil-focused infrastructure to low-carbon and future-fuel platforms.

This division bridges today’s energy needs with tomorrow’s decarbonized solutions.

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3. Repairs, Upgrades, and Conversions

• Provides ship repair, retrofitting, and life extension services for commercial and defense vessels.
• Specializes in LNG and LPG dual-fuel conversions and green retrofits to meet IMO decarbonization standards.
• Offers digital monitoring systems and smart maintenance programs for global fleets.
• Operates state-of-the-art yards in Tuas, Admiralty, and Gul — among the most advanced shipyards in Asia.

Seatrium’s Singapore facilities are recognized as global benchmarks for efficiency, safety, and sustainability.

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4. Infrastructure and Digital Solutions

• Develops floating data centers, desalination plants, and port infrastructure.
• Leverages digital twins, robotics, and automation in shipyard operations to enhance safety and productivity.
• Provides integrated engineering and asset lifecycle management using AI-driven predictive systems.
• Collaborates with Keppel Data Centres and Singapore Maritime & Port Authority (MPA) to advance smart port ecosystems.

This business segment underscores Seatrium’s evolution into a technology-driven maritime innovator.

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Global Presence

Seatrium’s footprint spans over 10 strategic markets, including:

Region	Locations	Focus
Asia-Pacific	Singapore, Indonesia, China, India	Manufacturing & engineering hubs
Europe	UK, Norway, Netherlands	Offshore wind & renewables
Americas	Brazil, USA, Mexico	FPSOs, oil & gas platforms
Middle East	Qatar, UAE	Marine services & retrofits

Its integrated network of shipyards, engineering centers, and project offices enables Seatrium to deliver large-scale global projects efficiently.

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Sustainability and ESG Leadership

Seatrium’s strategy is deeply aligned with global decarbonization and circular economy goals.

Key ESG Priorities:

• Net Zero by 2050: Committed to carbon-neutral operations.
• Green Engineering: Incorporating sustainability from design to delivery.
• Waste Reduction: Transitioning to zero waste-to-landfill operations by 2030.
• Renewable Energy Adoption: Expanding renewable electricity usage across facilities.
• Talent and Diversity: Promoting inclusive, safe, and future-ready workplaces.

Seatrium’s ESG performance is benchmarked against global standards, with annual sustainability disclosures following GRI, TCFD, and SASB frameworks.

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Financial Performance (FY2024/25)

• Market Capitalization: ~S$9 billion
• Revenue: S$9.2 billion
• Net Profit: S$450 million
• Order Book: Over S$25 billion — driven by offshore wind, FPSO, and green conversion projects
• Credit Rating: BBB (S&P) / Stable Outlook

The company’s strong balance sheet and diversified portfolio position it as a global leader in offshore renewables and maritime engineering.

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Innovation and Digital Transformation

Seatrium is accelerating its digital evolution to enhance competitiveness and sustainability:

• Digital Twin Technology: Enables real-time project visualization and asset management.
• Smart Yards: Use of robotics, drones, and IoT sensors to improve safety and efficiency.
• 3D Printing & Advanced Manufacturing: Reduces material waste and lead times.
• AI-Powered Predictive Maintenance: Improves asset performance across life cycles.
• Collaboration with Academia: Partnerships with NUS, NTU, and A*STAR to drive innovation in marine robotics and green energy.

Through innovation, Seatrium is redefining the future of engineering excellence in maritime and energy industries.

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Leadership

• CEO: Chris Ong, former CEO of Keppel Offshore & Marine, spearheading Seatrium’s strategic transformation.
• Chairman: Mohd Hassan Marican, a respected veteran in global energy and sustainability sectors.
• Board: Comprised of leaders from finance, engineering, and sustainability sectors ensuring strong corporate governance.

Their leadership ensures that Seatrium remains future-ready, globally competitive, and sustainability-driven.

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Awards and Recognition

🏆 Best Offshore & Marine Engineering Company (Asia-Pacific) – The Asset Triple A Awards

🏆 Top Sustainable Infrastructure Developer (Global) – Global Energy Awards 2024

🏆 Innovation in Shipbuilding Excellence – Maritime Asia Awards

🏆 Best ESG Performance in Industrial Sector – Singapore Corporate Sustainability Awards

🏆 Top 100 Global Marine Companies – MarineLink 2024

These accolades reaffirm Seatrium’s position as a global engineering powerhouse committed to sustainability and innovation.

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Community and Social Responsibility

Seatrium contributes actively to Singapore’s community and sustainability ecosystem:

• STEM Education Partnerships: Nurtures young engineers through scholarships and apprenticeships.
• Maritime Sustainability Programs: Promotes ocean conservation and decarbonization research.
• Employee Volunteerism: Annual “Seatrium Cares” program engages staff in environmental and social initiatives.
• Diversity and Inclusion: Prioritizes gender balance and leadership opportunities for women in engineering.

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Conclusion

Seatrium Ltd. represents the next generation of Singapore’s engineering and energy excellence — merging the rich legacies of Keppel O&M and Sembcorp Marine into a forward-looking global leader.

With its strong focus on renewable energy, digital transformation, and sustainable infrastructure, Seatrium is charting a new course for the global offshore and marine industry.

“From oceans to energy — Seatrium engineers a sustainable world.”