- Business
- Seatrium Ltd (SGX: S51), formerly Sembcorp Marine Ltd, provides integrated engineering solutions to the global offshore, marine and energy industries; offers rigs and floaters including FPSOs, FPUs, FSOs, FLNGs, semi-submersibles, jack-up rigs and drillships; delivers repairs and upgrades for vessels, offshore structures and rigs with a focus on life extensions, retrofitting and green technologies; constructs offshore platforms encompassing fixed production platforms, process modules, wellhead platforms and offshore wind substations; and builds specialised vessels such as high-performance support ships and near-shore LNG terminals. The company operates through a global network of shipyards in Singapore, China, Indonesia, Brazil, India, the Middle East and the USA, serving leading owners, contractors, operators and energy majors in oil and gas, renewables and new energy segments. Founded in 1963 and headquartered at 80 Tuas South Boulevard in Singapore, Seatrium leverages proprietary technologies for turnkey design, construction, conversion and EPC solutions across its four key capabilities. In a transformative merger completed on February 28, 2023, the company acquired Keppel Offshore & Marine for approximately US$3.4 billion, creating a premier global player with enhanced scale, a S$7.0 billion project backlog including a major FPSO for Petrobras, and leadership under CEO Chris Ong Leng Yeow; it rebranded to Seatrium Limited effective May 2, 2023, to reflect its focus on offshore renewables, new energy and cleaner O&M solutions. Recent board appointments through 2025, including Eng Aik Meng as non-executive director, bolster governance amid strategic expansions in carbon capture, floating wind and sustainable synergies.