Category: Shipyards

Seatrium To Achieve >S$50M in Operational Cost SavingsThrough Non-Core Asset Divestments By Early 2026

Singapore, 23 February 2026 – Seatrium Limited (“Seatrium”, or the “Group”) wishes toannounce a series of additional divestments, as well as update on an earlier transaction, aspart of its ongoing efforts to rationalise non-core assets, streamline operations, and drivelong-term value for shareholders. Alongside recent divestments of the AmFELS yard in Texas and the GNL Platform... Continue Reading →

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Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Feb. 10 - Seatrium, through its wholly owned subsidiary Jurong Shipyard, has started arbitration proceedings against Petrobras Netherlands in connection with a legacy contract for the conversion of the P-54 floating production, storage and offloading vessel (FPSO). The dispute relates to a settlement agreement reached in 2008 following amendments to the original 2004 contract. Under... Continue Reading →

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Global Installation Vessel Fleet Could Enable Up to 400 GW of Offshore Wind by 2030, but More Newbuilds Needed Outside China – Study

Jan. 22 (offshoreWIND.biz) The global fleet of offshore wind installation vessels could support achieving up to 400 GW of offshore wind capacity by 2030, provided that additional vessels are ordered and deployed, alongside supportive market conditions, according to a scenario study by the Kuehne Climate Center. The study also shows that, looking globally, newbuild investments... Continue Reading →

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Petrobras starts production at Búzios 6

Jan. 2, 2026 - Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, this Wednesday, December 31. Búzios 6 (P-78) has the capacity to produce 180,000 barrels of oil and 7.2 million m³ of gas per day. The... Continue Reading →

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Subsea Vessel Market Outlook ‘Robust’ for 2026

Jesper Skjong, Contributor Dec. 20 (OE) Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year, long-term demand - driven by deepwater projects and global energy infrastructure-... Continue Reading →

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Maersk and Seatrium Settle Offshore Wind Dispute

Dec. 22 (offshoreWIND.biz) Singapore-based Seatrium Limited and Phoenix II A/S, an affiliate of Maersk Offshore Wind, have settled their dispute over a Wind Turbine Installation Vessel (WTIV) ordered at Seatrium by Maersk, with Maersk agreeing to accept the delivery of the vessel next year. Back in early October, Maersk terminated the USD 475 million (approximately... Continue Reading →

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