Singapore, Jan 7, 2026, 15:40 SGT — Regular session
- Seatrium shares up 0.45% at S$2.21 in afternoon trade on the Singapore Exchange
- ABS granted an approval in principle for Seatrium’s offshore wind substation concept
- Investors now eye the company’s next earnings update on Feb. 20
Seatrium Limited SGX:5E2 stock rose 0.45% to S$2.21 in Singapore trade on Wednesday after the American Bureau of Shipping (ABS) issued an approval in principle for its next-generation offshore wind substation design. The shares traded between S$2.20 and S$2.22, within a 52-week band of S$1.62 to S$2.60, with about 7.0 million shares changing hands by 3:39 p.m. local time.
Offshore substations are the platforms that collect electricity from wind turbines and send it ashore through cables. An approval in principle, or AIP, is an early design review by a classification society; it can help a builder market a concept, but it is not a firm customer order.
Seatrium described the OSS-500A as a next-generation offshore high-voltage alternating current (HVAC) platform built around modular 500-megawatt blocks that can be scaled to different water depths and grid layouts. The company has built converter and substation platforms for offshore wind projects in Germany and Taiwan, and it was recently contracted in a consortium with GE Vernova for the BalWin5 grid connection, OffshoreWIND.biz reported.
ABS vice president Michael Kei said: “This is a new offshore substation approach that supports large-scale renewable energy generation while meeting rigorous international safety and performance standards.” Seatrium executive vice president Aziz Merchant said the AIP “affirms our technical expertise, compliance with rigorous class standards, and commitment to delivering green solutions.” Maritime Executive
The stock ended Tuesday at S$2.20 after a 1.84% jump on Monday, according to StockAnalysis.com data. Seatrium is up about 1.8% since it started 2026 at S$2.17.
But an AIP does not guarantee orders, and offshore wind demand can slow when developers delay projects or financing costs rise. Seatrium also remains exposed to oil and gas work, where crude fell more than 1% on Wednesday as traders focused on supply, with Yang An, an analyst at Haitong Futures, warning: “Venezuela’s oil exports to the United States have first and foremost disrupted the U.S. market, which will also deepen the global oversupply.” Reuters
