- Seatrium (SGX:S51) started the year with two announcements – one relating to an order win and one relating to a cancellation.
An order win and a cancellation
- - Read this at SGinvestors.io -
- The cancelled contract relates to the 1,260MW Offshore Substation (OSS) Platform valued at more than S$250m which was awarded by Empire Offshore Wind LLC in the middle of last year. The reason for this is due to the “significant macroeconomic conditions” impacting the Empire Wind 2 project. We understand that minimal work had been done on the cancelled project, so we are not incorporating a financial impact to Seatrium from this.
Cancellation not a surprise
- - Read this at SGinvestors.io -
Offshore dayrates in oil and gas recovering amid tightening supply/demand balance
- Read more at SGinvestors.io.















