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that is the meaning of life...must shout out... 😂
ahbui8 ( Date: 27-Apr-2026 14:28) Posted:
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Maybe you stop roaring those unrealistic high price or reverse way, this hopeless counter maybe got chance go to near $3 😜 you having roaring for the past three years liao 😂 😂 😂
eugesun ( Date: 27-Apr-2026 13:07) Posted:
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It' s alright - Copilot shared the salient points below.
Fortune April 23, 2026 piece highlights how Seatrium CEO Chris Ong is steering the company through geopolitical shocks (like the Iran war) while positioning it as a major offshore oil and wind player. The article emphasizes Seatrium&rsquo s transformation from a messy merger into a profitable energy engineering giant.
Fortune April 23, 2026 piece highlights how Seatrium CEO Chris Ong is steering the company through geopolitical shocks (like the Iran war) while positioning it as a major offshore oil and wind player. The article emphasizes Seatrium&rsquo s transformation from a messy merger into a profitable energy engineering giant.
Key Takeaways from the Fortune Coverage
- Leadership Focus: Chris Ong is credited with stabilizing Seatrium after its merger of two Singapore shipyards, turning it into a stronger, more profitable entity.
- Energy Strategy: Seatrium is balancing traditional offshore oil projects with new offshore wind ventures, aiming to capture growth in renewable energy while maintaining its oil & gas base.
- Geopolitical Context: The Iran war and rising energy security concerns are pushing Southeast Asia to rethink energy supply chains. Seatrium is positioned as a beneficiary of this shift, with expertise in offshore engineering that can serve both fossil and renewable markets.
- Profitability: The company has emerged from restructuring with improved margins and a clearer growth path, despite global volatility.
Why This Matters for Investors
- Diversification: Seatrium isnt just an oil services firm anymore &mdash it&rsquo s building credibility in offshore wind, which could provide longterm stability.
- Regional Advantage: With Southeast Asia debating energy resilience (e.g., shipping through the Strait of Malacca), Seatrium engineering capabilities become strategically valuable.
- Leadership Credibility: Chris Ong ability to navigate both corporate restructuring and geopolitical uncertainty is a confidence signal for investors.
PiRPiR ( Date: 27-Apr-2026 08:31) Posted:
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12:30 AM EDT, 04/27/2026 (MT Newswires) -- Seatrium (SGX:5E2) completed the divestment of a fleet of 17 tugboats, according to a Monday filing with the Singapore Exchange.
The divestment is expected to deliver over SG$50 million in annualized cost savings.
Shares of the specialized engineering solutions company were down over 2% in Monday trading.
The divestment is expected to deliver over SG$50 million in annualized cost savings.
Shares of the specialized engineering solutions company were down over 2% in Monday trading.
Better stay aside for this counter
eugesun ( Date: 27-Apr-2026 13:07) Posted:
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but your heart still here, so warm... 😂
Tob231 ( Date: 27-Apr-2026 11:37) Posted:
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as I said, " good news or bad news, tehreaction is the same"
i am glad, I switched out
i am glad, I switched out
@JW
I also did not subscribe to online Fortune Mag, hence the paywall message.
Sorry
I also did not subscribe to online Fortune Mag, hence the paywall message.
Sorry
JurongW ( Date: 27-Apr-2026 00:54) Posted:
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PirPir - I can' t access the full article from Fortune.
Can u paste the full article here for reference. Thanks.
Can u paste the full article here for reference. Thanks.
PiRPiR ( Date: 27-Apr-2026 00:22) Posted:
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https://fortune.com/2026/04/23/seatrium-ceo-chris-ong-iran-energy-offshore-wind/
How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
By Nicholas Gordon and Angelica Ang
April 23, 2026, 5:00 PM ET
Over in Singapore's Tuas industrial district, workers are assembling a giant floating production, storage, and offloading (FPSO) unit, part of the infrastructure that separates crude oil from what's pulled up from offshore reservoirs. Next to it is a giant Goliath crane, which can lift up to 30,000 tons in a single heave a gleaming white Royal Caribbean cruise ship sits just a few docks away
===== paywall ======
How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
By Nicholas Gordon and Angelica Ang
April 23, 2026, 5:00 PM ET
Over in Singapore's Tuas industrial district, workers are assembling a giant floating production, storage, and offloading (FPSO) unit, part of the infrastructure that separates crude oil from what's pulled up from offshore reservoirs. Next to it is a giant Goliath crane, which can lift up to 30,000 tons in a single heave a gleaming white Royal Caribbean cruise ship sits just a few docks away
===== paywall ======
Biz Times 24 April 7.20pm
No prosecution for Seatrium over Brazilian corruption offences, High Court approves US$110 million penalty
This is the first deferred prosecution agreement approved by the Singapore court that involves a corporate entity
[SINGAPORE] Seatrium will not face criminal prosecution in Singapore over corruption offences in Brazil after the High Court approved a deferred prosecution agreement in which the company will pay a net sum of US$57 million to local authorities.A deferred prosecution agreement is a deal in which the prosecution agrees to defer criminal charges against a corporate offender in exchange for its compliance with certain conditions.
In Seatrium?s case, those conditions are the payment of a financial penalty and a commitment to overhaul its internal ethics and compliance programmes. Under such an arrangement, the company will not face criminal prosecution so long as it meets all the conditions over the agreed period. Should it breach any of the terms, however, prosecutors can revive proceedings.
The deferred prosecution agreement was signed on Jul 30, 2025, making it the first such agreement approved by a Singapore court involving a corporate entity. In a bourse filing on Friday (Apr 27), the marine offshore engineering company confirmed that the High Court has given its approval, with no change to the terms of the agreement as originally signed with the prosecutor.
Penalty paidUnder the agreement, Seatrium is required to pay a total financial penalty of US$110 million to Singapore authorities. However, because Seatrium has already paid around US$130 million to Brazilian authorities for the same underlying misconduct, Singapore has agreed to credit up to US$53 million of that sum against the penalty.
The net amount payable to local authorities is therefore US$57 million, equivalent to approximately S$73.3 million.
Seatrium said it had already made the necessary provisions for the payment in its FY2025 financial statements, and that Friday?s court approval would therefore have no material impact on the net earnings or net tangible asset per share of the group for the financial year ending Dec 31, 2026.long-running legal matter stemming from Operation Car Wash, Brazil?s largest corruption probe, which began in 2014.The investigation uncovered a widespread network of illicit payments from corporate executives to politicians in exchange for favourable contracts with state-owned oil company Petrobras.
In 2023, Singapore authorities began investigating Seatrium in connection with the corruption scandal.The Corrupt Practices Investigation Bureau announced on May 31, 2023, that it had commenced investigations into Seatrium and individuals from the company for alleged corruption offences in Brazil.A year later, the Monetary Authority of Singapore and the police?s Commercial Affairs Department launched a separate joint investigation into potential offences under Singapore?s securities laws, also linked to the probe.Investigations were concluded, with the company?s conduct addressed in the courts through the deferred prosecution agreement.Shares of Seatrium rose 1.7 per cent or S$0.04 to S$2.41 on Friday before the announcement.
No prosecution for Seatrium over Brazilian corruption offences, High Court approves US$110 million penalty
This is the first deferred prosecution agreement approved by the Singapore court that involves a corporate entity
[SINGAPORE] Seatrium will not face criminal prosecution in Singapore over corruption offences in Brazil after the High Court approved a deferred prosecution agreement in which the company will pay a net sum of US$57 million to local authorities.A deferred prosecution agreement is a deal in which the prosecution agrees to defer criminal charges against a corporate offender in exchange for its compliance with certain conditions.
In Seatrium?s case, those conditions are the payment of a financial penalty and a commitment to overhaul its internal ethics and compliance programmes. Under such an arrangement, the company will not face criminal prosecution so long as it meets all the conditions over the agreed period. Should it breach any of the terms, however, prosecutors can revive proceedings.
The deferred prosecution agreement was signed on Jul 30, 2025, making it the first such agreement approved by a Singapore court involving a corporate entity. In a bourse filing on Friday (Apr 27), the marine offshore engineering company confirmed that the High Court has given its approval, with no change to the terms of the agreement as originally signed with the prosecutor.
Penalty paidUnder the agreement, Seatrium is required to pay a total financial penalty of US$110 million to Singapore authorities. However, because Seatrium has already paid around US$130 million to Brazilian authorities for the same underlying misconduct, Singapore has agreed to credit up to US$53 million of that sum against the penalty.
The net amount payable to local authorities is therefore US$57 million, equivalent to approximately S$73.3 million.
Seatrium said it had already made the necessary provisions for the payment in its FY2025 financial statements, and that Friday?s court approval would therefore have no material impact on the net earnings or net tangible asset per share of the group for the financial year ending Dec 31, 2026.long-running legal matter stemming from Operation Car Wash, Brazil?s largest corruption probe, which began in 2014.The investigation uncovered a widespread network of illicit payments from corporate executives to politicians in exchange for favourable contracts with state-owned oil company Petrobras.
In 2023, Singapore authorities began investigating Seatrium in connection with the corruption scandal.The Corrupt Practices Investigation Bureau announced on May 31, 2023, that it had commenced investigations into Seatrium and individuals from the company for alleged corruption offences in Brazil.A year later, the Monetary Authority of Singapore and the police?s Commercial Affairs Department launched a separate joint investigation into potential offences under Singapore?s securities laws, also linked to the probe.Investigations were concluded, with the company?s conduct addressed in the courts through the deferred prosecution agreement.Shares of Seatrium rose 1.7 per cent or S$0.04 to S$2.41 on Friday before the announcement.
Should be gradually moving up to reach the upper channel before going XD on 5 May.
should go up to 2.95 which is the bond interest, agree
Battle123 ( Date: 24-Apr-2026 21:02) Posted:
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Agreed. Not sure if many noted but they recently issued a $400m bond at 2.95% which will help lower the cost of debt for the outstanding debt stack. That will bring savings which will be eps accretive.
JurongW ( Date: 24-Apr-2026 22:07) Posted:
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Yup, finally there is closure. The High Court really took a long time to approve the DPA.
The document must have run into thousands of pages for vetting before final approval.
The document must have run into thousands of pages for vetting before final approval.
n3wbie ( Date: 24-Apr-2026 20:09) Posted:
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APPROVAL BY HIGH COURT OF THE DEFERRED PROSECUTION AGREEMENT WITH SINGAPORE AUTHORITIES
Singapore, 24 April 2026 - Seatrium Limited (the "Company" and together with its subsidiaries, the "Group") refers to its previous announcements on the Deferred Prosecution Agreement ("DPA") with the authorities in Singapore in connection with Operation Car Wash.
The DPA was signed on 30 July 2025 and is subject to the approval of the General Division of the High Court in Singapore.
The Company wishes to update that the General Division of the High Court in Singapore has today approved the DPA. There is no change to the terms of the DPA as signed and agreed with the Public Prosecutor.
Under the terms of the signed DPA, the Company is required to pay a financial penalty of US$110.0 million and up to a maximum of US$53.0 million of the payments made by the Company to the Brazilian authorities in connection with Operation Car Wash can be credited against the financial penalty. Accordingly, the amount payable by the Company to the Singapore authorities under the DPA is US$57.0 million (equivalent to approximately S$73.3 million¹).
The Company has made the necessary provisions for the above payment in its FY2025 financial statements. There is therefore no material impact on the net earnings and net tangible asset per share of the Group for the financial year ending 31 December 2026.
Singapore, 24 April 2026 - Seatrium Limited (the "Company" and together with its subsidiaries, the "Group") refers to its previous announcements on the Deferred Prosecution Agreement ("DPA") with the authorities in Singapore in connection with Operation Car Wash.
The DPA was signed on 30 July 2025 and is subject to the approval of the General Division of the High Court in Singapore.
The Company wishes to update that the General Division of the High Court in Singapore has today approved the DPA. There is no change to the terms of the DPA as signed and agreed with the Public Prosecutor.
Under the terms of the signed DPA, the Company is required to pay a financial penalty of US$110.0 million and up to a maximum of US$53.0 million of the payments made by the Company to the Brazilian authorities in connection with Operation Car Wash can be credited against the financial penalty. Accordingly, the amount payable by the Company to the Singapore authorities under the DPA is US$57.0 million (equivalent to approximately S$73.3 million¹).
The Company has made the necessary provisions for the above payment in its FY2025 financial statements. There is therefore no material impact on the net earnings and net tangible asset per share of the Group for the financial year ending 31 December 2026.
Gd news, next target 250> > > 260
Since the provision was made last year, guess no impact for FY26 and the read out is that the overhang is now finally cleared?
JurongW ( Date: 24-Apr-2026 17:44) Posted:
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Seatrium Management prefer to do SBB on every Tues. 850,000 shares bought at $2.3515 today ($2,001,225)
This is a weekly chart, so do not expect the share price to move quickly in the short term. If patience is lacking, rotation into other stocks may be the better option.
As long as price holds within the ascending triangle, a breakout is only a matter of time.
If you do not subscribe to this chart view, feel free to disregard my take.
This is a weekly chart, so do not expect the share price to move quickly in the short term. If patience is lacking, rotation into other stocks may be the better option.
As long as price holds within the ascending triangle, a breakout is only a matter of time.
If you do not subscribe to this chart view, feel free to disregard my take.
JurongW ( Date: 18-Apr-2026 23:35) Posted:
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