Seatrium Ltd. ADR (S8N)

Overview

Seatrium Limited, previously known as Sembcorp Marine Ltd, is a pivotal company within the offshore, marine, and energy sectors, renowned for delivering comprehensive engineering solutions. Since its establishment in 1963, Seatrium has distinguished itself through its extensive services in the design, engineering, procurement, construction, and commissioning for a wide array of offshore and marine projects. The company's vast experience spans across newbuilding and conversion projects for offshore platforms, vessels, and terminals, alongside offering considerable expertise in the repair, refurbishment, and conversion of existing marine and offshore structures. Based in Singapore, where its headquarters are located, Seatrium operates with a steadfast commitment to innovation, quality, and the needs of its global clientele. In April 2023, Seatrium rebranded from Sembcorp Marine Ltd, marking a new chapter in its storied history, yet continuing to embody the legacy of excellence and expertise in serving the evolving needs of the offshore, marine, and energy industries.

Products and Services

• Offshore and Marine Engineering Solutions:

  Seatrium offers turnkey solutions encompassing design, construction, conversion, and commissioning of offshore platforms and structures, such as Floating Storage Offloading (FSO) units, Floating Production Storage and Offloading (FPSO) vessels, Floating Drilling Production Storage and Offloading (FDPSO) units, Floating Production Units (FPU), Mobile Offshore Production Units (MOPU), and various types of floating terminals and rigs. The company specializes in comprehensive projects handling from concept to completion, including complex conversions and extensions.

• Vessel and Offshore Structure Maintenance:

  Expertise in dry-docking, repair, refurbishment, retrofitting, life-extension, and upgrading services for a wide range of vessels and offshore structures. This includes specialized projects like jumboisation and dejumboisation, catering to cargo ships, tankers, gas carriers, and more, ensuring these structures meet current industry standards and regulations.

• Renewable Energy and Power Solutions:

  The company is actively involved in the renewable energy sector, offering engineering solutions for high voltage direct current (HVDC) converter stations, high voltage alternating current (HVAC) substations, and wind turbine foundations. Seatrium also focuses on the burgeoning field of floating offshore wind turbines, providing innovative floating wind-HVDC and HVAC station solutions.

• Specialized Vessels:

  Design and development of specialized vessels catered to a variety of operations including renewable energy support, naval support and security, research, and scientific survey. Seatrium's portfolio encompasses unique vessel designs like RoPax ferries, cruise ships, and offshore oil and gas fixed platforms, tailor-made to fulfill specific client requirements.

• Onshore and Offshore Engineering and Construction:

  Offering turnkey project delivery for onshore LNG plants and modules, Seatrium extends its engineering prowess to include construction, transportation, and installation of offshore hook-up, commissioning, and brownfield solutions. Their expertise covers fixed platforms for offshore oil and gas, integrating production facilities, utility living quarters, jackets, and much more.

• Marine Engineering Products and Services:

  In addition to projects, Seatrium engages in bulk trading of marine engineering-related products, thereby complementing its comprehensive suite of services. It also provides management and harbour tug services to port users, highlighting the company's versatility in meeting the diverse needs of the marine and offshore industries.

• Environmental and Recycling Services:

  Demonstrating a commitment to sustainability, Seatrium is involved in the collection and treatment of used copper slag, showcasing its dedication to environmentally conscious operations. This service underlines the company's efforts in processing and distributing copper slag, aligning with global sustainability and recycling goals.