Singapore, Jan 27, 2026, 15:27 (SGT) — Regular session
- Seatrium shares dipped about 0.5% in late Singapore trading, bucking the broader market’s strength.
- The stock has slipped for four straight sessions, extending a decline that began in mid-January.
- Investors are eyeing Seatrium’s full-year results due Feb. 26, eager for updates on the offshore wind arbitration.
Seatrium Limited’s shares edged down 0.5% to S$2.09 late Tuesday, slipping as low as S$2.08 during the session on volume of about 9.4 million shares. The stock has now fallen for four consecutive days, shedding roughly 9% from its S$2.29 close on Jan. 15. Over the last 12 months, the price has fluctuated between S$1.62 and S$2.60, according to Investing.
Seatrium’s action catches attention amid a firm Singapore market. The Straits Times Index surged beyond 4,900 shortly after the bell, gaining 0.8% to hit 4,901.39 by 9:38 a.m. This lift was driven by steady demand for blue-chip shares, a report from The Business Times noted.
Seatrium is gearing up to release its earnings next. The company revealed in a filing that it will publish its full-year results for the period ending Dec. 31, 2025, on Feb. 26, ahead of market open. (SGX Links)
Traders are zeroed in on a spat over offshore wind projects. Last week, Seatrium disclosed that its unit, Seatrium New Energy, teamed up with consortium partner Aibel to kick off arbitration under their consortium deal. The dispute revolves around a 900-megawatt offshore converter platform for TenneT, set for delivery in 2026. Both sides have lodged claims around EUR180 million and EUR113 million tied to direct scope work. Seatrium noted that early assessments suggest any valid claims might be covered by reserved consortium funds, which are capped at about EUR5 million. The company also flagged an additional Aibel claim near EUR17 million, which it’s contesting.
Arbitration offers a private alternative to court battles. Equity holders are mainly focused on whether the process stays confined to the reserved funds or if arguments over timing and expenses begin to impact provisions, cash flow, or margins.
The problem could fade away if the tribunal pushes for a settlement or if the claims cancel out, leaving little cash impact. Then, the stock could quickly refocus on execution and new projects.
The downside appears more complicated. Should project costs or delays exceed expectations, or if accounting charges hit the results, the stock’s recent slide might deepen into a longer-lasting valuation adjustment.
Investors are watching closely for signs that selling pressure might be easing, even as they keep an eye on whether trading volumes stay elevated after several straight days of losses.
Seatrium is set to report its full-year earnings on Feb. 26. Investors will be keen to hear any news on the DolWin 5 arbitration timeline and if the project is still aiming for delivery in 2026.
