Seatrium is a leading offshore and marine engineering group formed by the 2023 merger of Singaporean shipyards Sembcorp Marine and Keppel Offshore & Marine. It operates by delivering complex ship repair, construction, and engineering services for the offshore oil and gas industry, as well as expanding into offshore renewables and new energy solutions. The company’s products and services include designing, building, and maintaining large-scale offshore platforms, vessels, and related marine structures, supported by a global network of shipyards and engineering teams. The merger creates one of the world’s largest players in its sector, combining deep industrial experience with scale to better compete in global markets, improve project execution, and pursue growth in energy transition opportunities. The goal is to be a hub for marine innovation that serves clients across traditional offshore markets and emerging renewable energy projects.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Singapore, Singapore
Founded
1963
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Commuter Benefits
Ex-CEO of Sembcorp Marine Wong Weng Sun age & ex-senior General Manager of Jurong Shipyard Lee Fook Kang acquitted of charges for $44 million bribery of officials in Brazil from 2009 to 2014, Sembcorp Marine name changed to Seatrium in 2023 after merger of Keppel Offshore & Marine and Sembcorp Marine. Sep 25, 2026 25th September 2026 | Hong Kong The ex-CEO of Sembcorp Marine Wong Weng Sun & ex-Senior General Manager of Jurong Shipyard Lee Fook Kang have been acquitted of charges in Singapore court for $44 million bribery of officials in Brazil from 2009 to 2014. Sembcorp Marine name was changed to Seatrium after merger of Keppel Offshore & Marine and Sembcorp Marine in 2023. In 2024 March, the ex-CEO of Sembcorp Marine Wong Weng Sun & ex-Senior General Manager of Jurong Shipyard Lee Fook Kang were charged in Singapore court for $44 million bribery of officials in Brazil from 2009 to 2014. Seatrium is also required to pay $57 million to Singapore authorities in a deferred prosecution agreement. Singapore Corrupt Practices Investigation Bureau: "Wong and Lee each face five charges of conspiring to corruptly give gratification to Guilherme Esteves de Jesus ("GDJ"), for the benefit of persons in Brazil, as inducements or rewards to advance the business interests of the Company's subsidiaries in Brazil, punishable under Section 5(b)(i) read with Section 29(a) of the Prevention of Corruption Act." In 2023 June, Singapore Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium for alleged corruption related to "Operation Car Wash" in Brazil (Name changed to Seatrium after merger of Keppel Offshore & Marine and Sembcorp Marine, proposed in April 2023). In 2022 December, Keppel Offshore & Marine had paid $65 million to Brazil authorities in a settlement agreement. More info below: "Ex-CEO of Sembcorp Marine Wong Weng Sun age & ex-senior General Manager of Jurong Shipyard Lee Fook Kang acquitted of charges for $44 million bribery of officials in Brazil from 2009 to 2014, Sembcorp Marine name changed to Seatrium in 2023 after merger of Keppel Offshore & Marine and Sembcorp Marine"
Seatrium has completed its inaugural $400m fixed-rate notes issue, with the order book about 1.7 times covered, the company said.
Monday, 10 June 2024The project is expected to begin in June 2024, with commissioning expected by 2031. The contract is part of the five-year Framework Cooperation Agreement with TenneT announced by the GE Vernova-Seatrium consortium in March 2023. The agreement was signed to cover three projects, each valued at approximately EURO 2 billion: IJmuiden Ver Beta, IJmuiden Ver Gamma, and Nederwiek 2. The current contract is for Nederwiek 2, TenneT’s third project with this consortium. The contracts for IJmuiden Ver Beta and IJmuiden Ver Gamma were awarded to the consortium in March 2023.The HVDC system will support TenneT's sustainability goal of connecting 40 GW of offshore wind energy in the German and Dutch North Sea and will serve the Nederwiek 2 offshore wind farm, located approximately 95 kilometres off the coast of the Netherlands.“With the successful call-off of Nederwiek 2 from the Framework Cooperation Agreement with our Partners GE Vernova and Seatrium, we are now starting into the delivery of the third project with this consortium” said Dr. Johannes Kammer, Associate Director of Large Projects Offshore - 2GW, TenneT
The authorities in Singapore announced that they have completed their investigation into the alleged corruption and bribery offenses by the former Sembcorp Marine finding that there was sufficient evidence to mount a prosecution.
It brings the group’s total sustainable and green financing secured in the year to date to over $2 billion. Read more at straitstimes.com.