SINGAPORE, Jan 28, 2026, 15:35 SGT — Regular session
- Seatrium shares climbed roughly 1% in afternoon trading, bouncing back from a slight drop the previous day
- On Tuesday, Singapore Exchange highlighted a net order book of S$16.6 billion along with new contract wins
- Investors are bracing ahead of Seatrium’s results on Feb. 26, while also eyeing legal challenges and delivery uncertainties
Shares of Seatrium Limited rose 1% to S$2.11 by 3:23 p.m. local time Wednesday, fluctuating between S$2.09 and S$2.13 earlier. Trading volume hit roughly 7.1 million shares, according to ShareInvestor data on InvestingNote. (Investingnote)
The move followed the Singapore Exchange’s Market Dialogues release of a “10 in 10” Q&A with Seatrium, revealing a net order book of S$16.6 billion as of end-September 2025, plus over S$3 billion in new orders since. The company also highlighted a S$30 billion pipeline as of June 30, 2025, and said it’s setting project margin “hurdle rates” in the mid-teens—aiming for mid-teen percentage margins on new contracts after factoring in risk. (i3investor)
Seatrium’s stock now hinges more on execution and cash flow than simply backlog figures. In a note from Jan. 27, DBS Group Research called Seatrium a “laggard opportunity,” pointing to anticipated gains in contract awards and margin improvement. (DBS Bank)
Investors should mark their calendars: Seatrium is set to release its full-year results for the period ending Dec. 31, 2025, on Feb. 26, before markets open, according to a filing with the Singapore Exchange. (SGX Links)
An order book represents the value of contracts a company has secured but not yet fulfilled. For shipyards and offshore engineering firms, it provides a glimpse into future workload, though it doesn’t ensure profits — since projects often face design revisions, hold-ups, and disputes.
Legal troubles have resurfaced. Seatrium New Energy and its partner Aibel launched arbitration proceedings over the DolWin 5 offshore converter platform project. Seatrium reported preliminary claims totaling roughly 180 million euros, with Aibel’s claims around 113 million euros, according to a Jan. 22 announcement. The company said it can’t yet determine the financial fallout, which hinges on the arbitration’s outcome. (SGX Links)
Seatrium still faces delivery risk on another offshore wind vessel, despite reaching a settlement with Denmark’s Maersk in December. A Maersk affiliate will cover the remaining US$360 million of the original US$475 million contract under new terms. The company confirmed the vessel’s delivery is set for Feb. 28, 2026. Citi analyst Luis Hilado noted the agreement clears a “legal overhang,” according to the Straits Times. (The Straits Times)
Traders will be eyeing whether Seatrium can stay above the S$2.10 level on strong volume for the remainder of the session. Looking ahead, the next major catalyst is the earnings report on Feb. 26, along with updates on claims, project milestones, and the vessel delivery scheduled for late February.
