Singapore, January 29, 2026, 15:39 SGT — Regular session
- Seatrium slipped roughly 0.5% to S$2.11 in afternoon trading, down from S$2.12 at the previous close
- Investors are gearing up for Seatrium’s full-year results, set for Feb. 26
- Sentiment remains weighed down by a recent arbitration filing related to DolWin 5
Seatrium Ltd shares slipped roughly 0.5% to S$2.11 in afternoon trading Thursday, after closing at S$2.12 the day before. Today’s range so far has been between S$2.09 and S$2.13. Over the last 12 months, the stock has moved between S$1.62 and S$2.60. (Google)
Seatrium’s upcoming annual results are crucial, given its dual focus on oil-and-gas and offshore wind projects. The company plans to publish full-year financials for the period ending Dec. 31, 2025, on Feb. 26, ahead of market open. (SGX Links)
Focus remains on order momentum, project execution, and cash flow as shipyards and fabricators navigate uneven milestones and contract shifts. Traders often move quickly in Singapore’s smaller industrial stocks, where liquidity can evaporate in a flash.
A second issue lingers: arbitration linked to an offshore wind grid-connection platform in Germany. On Jan. 22, Seatrium announced that its unit, Seatrium New Energy, along with consortium partner Aibel, initiated arbitration over their consortium agreement for the DolWin 5 project. Both parties are making claims concerning scope, costs, and revenue distribution.
Seatrium reported that each side had claims against the other—“in the region of” 180 million euros and 113 million euros—for direct scopes of work. It noted preliminary advice indicating any valid claims on those direct scopes would be covered by reserved consortium funds of around 5 million euros, with no additional financial exposure expected beyond that.
The company noted that the arbitration remains in its early phases, making it impossible to determine any financial impact at this point, as that will hinge on the final decision.
Energy prices pushed higher, adding pressure to the tape. Oil climbed for a third straight day in Asian trading, fueled by geopolitical concerns. Suvro Sarkar, lead of DBS Bank’s energy sector team, pointed to the “geopolitical risk premium” tied to Iran and the Middle East as the key factor. (Reuters)
Oil’s rise doesn’t guarantee new contract wins, especially for Seatrium, whose portfolio covers offshore renewables as well as traditional offshore and marine sectors. Plus, a weaker global risk appetite can weigh on cyclicals, even as crude prices climb.
Risks cut both ways. A bigger-than-anticipated hit from provisioning, setbacks in major projects, or a tougher arbitration outcome could prompt investors to rethink the buffer built into contracts and consortium deals. Seatrium has already highlighted the uncertainty around the dispute’s ultimate effect.
Looking ahead, the next major event is Seatrium’s full-year earnings report on Feb. 26, released before Singapore’s market opens. Investors will be watching closely for any news on the DolWin 5 project, particularly updates on timing and risk exposure, which could sway the stock as much as the financial results themselves. (SGX Links)
