Seatrium will have to wait longer to catch wind in sail
The company had to grapple with lawsuits as well as loss-making projects that it took on post-pandemic
WHILE strong demand and tight supply have buoyed Singapore-listed maritime players in general, analysts believe it could take some time for offshore and marine giant Seatrium to recover its profitability.
Maybank analyst Jarick Seet pointed out that Seatrium – which was formed after the consolidation of Sembcorp Marine and Keppel Offshore and Marine – has been winning more contracts recently.
However, he noted that the company has had to grapple with lawsuits as well as loss-making projects that it took on post-pandemic.
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