Singapore, Jan 27, 2026, 15:27 (SGT) — Regular session
- Seatrium shares slipped roughly 0.5% in late Singapore trading, moving against the stronger broader market.
- The stock has dropped for four sessions in a row, deepening a pullback that started in mid-January.
- Investors await Seatrium’s full-year results on Feb. 26 and are keen for any updates on the offshore wind arbitration.
Seatrium Limited shares slipped 0.5% to S$2.09 late Tuesday, hitting a low of S$2.08 during the session, with roughly 9.4 million shares changing hands. The stock has now dropped for four days straight, down about 9% from its close of S$2.29 on Jan. 15. Over the past year, it has traded between S$1.62 and S$2.60, according to Investing.
Seatrium’s move stands out as the broader Singapore market shows strength. The Straits Times Index pushed past 4,900 soon after the open, climbing 0.8% to 4,901.39 by 9:38 a.m., buoyed by consistent buying in large-cap stocks, according to a report from The Business Times.
Seatrium has its sights set on earnings next. The company disclosed in a filing that it plans to publish its full-year results for the period ending Dec. 31, 2025, on Feb. 26 before the market opens. (SGX Links)
Traders remain focused on a dispute linked to offshore wind projects. Last week, Seatrium revealed that its unit, Seatrium New Energy, along with consortium partner Aibel, initiated arbitration under their consortium agreement. The case concerns a 900-megawatt offshore converter platform for TenneT, scheduled for delivery in 2026. Both parties have filed claims “in the region” of EUR180 million and EUR113 million related to direct scope work. Seatrium said preliminary advice suggests valid claims could be covered by reserved consortium funds capped at about EUR5 million. It also highlighted an additional Aibel claim worth roughly EUR17 million, which it is disputing.
Arbitration is a private way to settle disputes outside the courts. For equity holders, the immediate concern is whether the process remains limited to the reserved funds or if debates over timing and costs start affecting provisions, cash flow, or margins.
The issue could dissipate if the tribunal encourages a settlement or if the claims offset each other with minimal cash impact. In that case, the stock might swiftly shift back to execution and fresh projects.
The downside looks messier. If project costs or delays run higher than anticipated, or if accounting charges appear in the results, the stock’s recent drop could extend into a more prolonged valuation reset.
Investors are now focused on spotting any sign that the selling pressure is easing, while also monitoring if trading volumes remain high following several consecutive down days.
Feb. 26 is the next key date as Seatrium will release its full-year earnings. Investors will also be watching for any updates on the DolWin 5 arbitration schedule and whether the project remains on track for its 2026 delivery goal.
