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Seatrium Ltd
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Seatrium - Sea of Hopes & Atrium of Surprises (II)
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LoudShout
Master |
04-Feb-2025 10:30
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(SINGAPORE - One of the 10 jailed in Singapore&rsquo s largest money laundering case was arrested in Montenegro when he flew there on a private plane, said the local media. Wang Shuiming, who was deported to Japan after completing his jail term in Singapore, was arrested by border police at the Balkan nation&rsquo s Tivat Airport. On Jan 28, Montenegrin daily newspaper Vijesti reported that he had flown there on a private plane from the Maldives.) Meanwhile Operations Car Wash investigation has been ongoing... |
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War3craft2003
Member |
03-Feb-2025 18:55
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https://www.theedgesingapore.com/capital/brokers-calls/trumps-drill-baby-drill-inspires-uob-kay-hian-maintain-overweight-view?fbclid=IwY2xjawINfAVleHRuA2FlbQIxMAABHVVDPKybJB_oCbIjeKlQvO6xJWiyav6C4sCtkgXwCnp_yNoBiOzRHjHSfw_aem_tta8PftZU4rksWFUjON6fA Trump's 'drill baby drill' inspires UOB Kay Hian to maintain 'overweight' view on offshore and marine counters UOB Kay Hian has kept its "overweight" view on the region's offshore and marine sector, given how the Trump presidency is rehashing the "drill baby drill" mantra. "Increasingly, it appears that ?fossil fuels? could become less of a bad phrase in the next four years," says analyst Adrian Loh in his Feb 3 note. The resultant higher levels of global offshore activity would presumably lead to "tightness" in the market and thereby push up rates for rigs and offshore support vessels, he reasons. Loh notes that 2024 has proven to be a "strong year" for jack-ups and drillships with both day rates and utilisation rates growing. With crude oil prices holding above US$68 per barrel, oil companies are likely to continue to "green light" offshore production projects, says Loh. Furthermore, constrained capacity of new rigs industry-wide will be "supportive" of their chartering rates and value, he adds. Loh believes that Seatrium, which operates yards in the US, could see better-than-expected order wins given the pro-America sentiment in the US at present. Seatrium is now building 8 of the 11 FPSOs that major customer Petrobras has ordered. These units will be deployed offshore Brazil between 2H2024 and 2028. Loh says that in addition, Petrobras has planned for another seven to 11 new units to come on-stream from 2029 onwards, but which has yet to contract out. Loh estimates that these units could be between US$20 billion - US$30 billion and will need to be awarded in the next 12-24 months if production timelines are to be met. He has maintained his "buy" call on Seatrium along with a target price of $2.80, which is based on a P/B multiple of 1.4x is 1SD above the company?s five-year average. |
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Joyoftheworld
Master |
03-Feb-2025 17:17
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Boss Eugesun has spoken. Sinktrium will have no choice but to close green for the week. Thge reverse charm of his $1 price target will shine through. 
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Joyoftheworld
Master |
03-Feb-2025 12:53
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Share buy back stop already since last week until after results announcement
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LoudShout
Master |
03-Feb-2025 11:00
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Today should see Co share buybacks. | ||||
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eugesun
Elite |
03-Feb-2025 10:45
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Ok add on the dip... 1 dollar huat ahhh | ||||
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LoudShout
Master |
03-Feb-2025 10:24
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Positioned for results release and resolution of the forever investigation. | ||||
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pkli899
Supreme |
31-Jan-2025 10:47
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Good read. Thanks Delvyss. |
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Delvyss
Elite |
31-Jan-2025 10:46
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Very much agree with you :) Conducive TA too: https://www.tipranks.com/stocks/sg:5e2/technical-analysis  
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pkli899
Supreme |
31-Jan-2025 10:38
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Hopefully so. If results good, can go higher than that I think.
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Delvyss
Elite |
31-Jan-2025 09:13
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Watch the 2.50 level soon | ||||
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War3craft2003
Member |
31-Jan-2025 08:43
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https://www.theedgesingapore.com/capital/brokers-calls/dbs-names-seatrium-and-other-regional-names-top-picks-oil-gas-energy-sector?fbclid=IwY2xjawII-31leHRuA2FlbQIxMAABHeSXKoikeulxuGy7vuD5IY6SIq5GvvVsCcHe1l0RH59u4AzcqH-Zas8zvg_aem_NL21o-N2qaUqYmEyZdyNFQ
Seatrium top pick among shipyards Among the shipyards, the DBS team cited Seatrium as their top pick as the group could ?continue to see strong inquiries?. In their Jan 27 report, the team notes that there is still robust newbuild demand for global production platforms, while demand for large wind turbine installation vessel (WTIV) is expected to surge. DBS has a ?buy? call on Seatrium and a target price of $3. |
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pikachu
Master |
30-Jan-2025 21:16
Yells: "Holy Cow!" |
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Can put some Ang Bao money here | ||||
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MrBear12
Supreme |
29-Jan-2025 11:14
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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5 dollars
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PiRPiR
Master |
28-Jan-2025 20:28
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https://www.theedgesingapore.com/capital/brokers-calls/dbs-keeps-buy-call-and-3-target-price-seatrium-following-latest-contract-win
DBS keeps 'buy' call and $3 target price on Seatrium following latest contract win |
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Joelton
Supreme |
28-Jan-2025 14:55
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Seatrium awarded contract for a heavy lift vessel for Japan' s offshore wind market
 
Seatrium has announced it has been awarded a contract by Japan-based Penta-Ocean Construction (POC) to carry out the engineering, procurement and construction for a 5,000-ton fully revolving heavy lift vessel project for the Japanese offshore wind market.
 
The contract value was not disclosed.
 
This will be the fifth and largest vessel to be added to POC&rsquo s fleet, enabling them to undertake larger wind turbine projects in offshore wind construction. POC is Japan&rsquo s leading marine contractor with a keen interest to expand its business in the offshore wind sector.
 
POC owns a range of self-propelling trailing suction hopper and cutter suction dredgers, for marine construction works, as well as two turbine installation vessels equipped with a 800-ton and a 1,600-ton lifting capacity crane respectively.
 
In Singapore, POC is a main contractor in various marine & land civil engineering, and building projects, including the development of Pasir Panjang Terminal Phase 3 and 4, Tuas Mega Port, LTA projects and ION Orchard.
 
&ldquo We are proud to confirm the contract with Seatrium for the development of an advanced heavy lift vessel featuring a 5,000-ton fully revolving crane," says   POC' s Tetsunori Ohshimo, senior managing executive officer and head of the offshore wind construction business divisions group.
 
" This innovative vessel is essential for the installation of the increasingly heavy monopile foundations required for the next generation of larger wind turbines. We are confident that this vessel will make a significant contribution to the development of offshore wind in Japan, enhancing our efforts towards a sustainable energy future.&rdquo
 
&ldquo We are excited to announce our first heavy lift vessel project with Penta-Ocean Construction, and are fully committed to delivering this to our customer," says William Gu, executive vice president of Seatrium Energy (International).
 
" This project is significant to us on various fronts, as it marks our maiden collaboration with Penta-Ocean and our foray into the Japanese offshore wind market," he adds.
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PiRPiR
Master |
28-Jan-2025 13:34
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https://www.theedgesingapore.com/news/offshore-marine/seatrium-awarded-contract-heavy-lift-vessel-japans-offshore-wind-market
Seatrium awarded contract for a heavy lift vessel for Japan's offshore wind marketSeatrium awarded contract for a heavy lift vessel for Japan's offshore wind market |
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LoudShout
Master |
28-Jan-2025 12:56
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This 10 years of investigation, you could have stripped every nuts and bolts, lining and cleansed them umpteenth times.
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Joyoftheworld
Master |
28-Jan-2025 11:56
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Not likely to have a verdict until after the general election.
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LoudShout
Master |
28-Jan-2025 11:54
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The SGD3 billion money laundering case involving China nationals was investigated, prosecuted, jailed and released within a 2 years.  This Operations Car Wash surfaced in 2015 and similar case was even brought up in Parliament.  Why this overhang is still overhanging? | ||||
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