Seatrium

Name

Seatrium

Legal name

Seatrium Limited

Website

https://seatrium.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Offshore Engineering and Shipbuilding

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366), Ship and Boat Building (33661), Boat Building (336612), Support Activities for Water Transportation (4883)

SIC

Ship & Boat Building & Repairing (3730), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA)

akta.pro secondary industries

Auxiliary & Logistics Naval Vessels (Replenishment, Support, Hospital) (IMAJABAD), Piping, HVAC & Auxiliary Systems Repair (TLAKAKAH), Marine Outfitting & Interior Refurbishment (TLAKAKAL), Piping, Valves & Pumps (Deck/Service Systems Components) (IMAJAIAI), Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN), Piping, HVAC & Fluid Systems (Fuel, Ballast, Firemain, Refrigeration) (TLAHAMAF)

Keywords

• Offshore engineering solutions
• Marine shipbuilding services
• FPSO construction
• Offshore wind infrastructure
• Vessel repair upgrades

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. Oil & Gas Newbuilds and Conversions: Turnkey design, engineering, procurement, construction and commissioning of offshore newbuildings and conversions including FPSOs, FPUs, FSOs, FLNGs, FSRUs, jack-ups, semi-submersibles and drillships. Major contracts include $8.2 billion Petrobras FPSO contract for two all-electric vessels.
2. Offshore Renewables and Wind Infrastructure: Offshore windfarm fixed platforms, HVDC converter stations, HVAC substations, wind turbine foundations, and WTIV construction. Includes HVDC platform projects for TenneT (BalWin5) and offshore substations for Empire Wind project.
3. Repairs and Upgrades: Dry-docking, repair, refurbishment, retrofitting, life extension, upgrading and conversion services for all vessel types including LNG/LPG carriers, cruise ships, FPSO/FSRU vessels, jack-ups, semi-submersibles, tankers and container ships.
4. Specialised Shipbuilding: Design and construction of high-performance specialised vessels including ferries, RoPax, cruise vessels, offshore support vessels, naval vessels, and research vessels.
5. Technology and New Product Development: New energy solutions focusing on LNG and ammonia assets, clean tech for energy transition, alternative fuel value chain solutions, and digitalisation of operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Seatrium provides turnkey offshore and marine engineering, procurement, construction, installation and commissioning (EPCIC) solutions. Core offerings include oil & gas newbuilds and conversions (FPSOs, FPUs, FSRUs, FLNGs, drillships), offshore renewables infrastructure (HVDC platforms, WTIVs, fixed wind foundations), specialised shipbuilding (cruise, ferry, RoPax, naval), and vessel repairs and upgrades. The company operates a global shipyard network spanning Singapore, Brazil, China, Indonesia, Philippines, Norway, the UK and the USA.

Product overview

Seatrium is a Singapore-based offshore, marine, and energy engineering company formed from the 2023 merger of Sembcorp Marine and Keppel Offshore & Marine. The company operates as a unified platform delivering integrated solutions across five core business segments: Oil & Gas Newbuilds & Conversions (FPSOs, FPUs, FLNGs, FSRUs, drilling rigs), Offshore Renewables and New Energies (HVDC platforms, WTIVs, floating wind), Specialised Shipbuilding (cruise, ferry, offshore support vessels), Repairs & Upgrades (vessel conversions, retrofits), and Technology and New Product Development (ammonia solutions, digital platforms). Key technology platforms include the AssetCare remote operations platform, GraviBED offshore ammonia platform, and NEXTGEN Energy Hub. The company also operates shipyards across Singapore, Brazil, China, Indonesia, Philippines, Norway, UK, and USA, serving global energy majors including Petrobras, BP, Shell, TenneT, and Maersk.

Differentiator

Problem solved

Functional benefit

Brands

• NEXTGEN Energy Hub: Offshore concept integrating ammonia storage and bunkering, power generation, and marine electric vessel charging on a single platform based on proprietary GraviBED platform
• AssetCare
• Workday HR System

Products and services

• Oil & Gas Newbuilds and Conversions Turnkey design, engineering, procurement, construction and commissioning of offshore newbuildings and conversions for international and national oil companies. Covers FPSOs, FPUs, FSRUs, FLNGs, jack-ups, semi-submersibles and drillships.
• Offshore Renewables and New Energies Turnkey engineering, procurement, construction, transportation, installation, offshore hook-up, commissioning and brownfield solutions for offshore wind and new energy assets. Includes HVDC converter stations, HVAC substations, wind turbine foundations, WTIVs and floating offshore wind turbines.
• Specialised Shipbuilding Design and construction of high-performance specialised vessels with a focus on the global energy transition and decarbonisation. Covers ferries, RoPax and cruise vessels, offshore support vessels, naval support and security vessels, and research/scientific survey vessels.
• Repairs and Upgrades Comprehensive repair and upgrade services for all vessel types and offshore structures, including dry-docking, refurbishment, retrofitting, life extension, upgrading and conversion of FPSOs, FSUs, FSRUs, LNG/LPG carriers, cruise ships, tankers and container ships.
• Technology and New Product Development Development of low-carbon energy transition solutions focusing on LNG and ammonia assets, clean tech and energy transition for renewables, alternative fuel value chain solutions, and digitalisation of operations.
• NEXTGEN Energy Hub Offshore concept integrating ammonia storage and bunkering, power generation, and marine electric vessel charging on a single platform, based on proprietary GraviBED platform for scalable offshore ammonia solutions in dynamic offshore conditions.
• AssetCare Platform Digital platform enabling remote monitoring and remote control operations for offshore and marine assets, advanced in collaboration with DNV's Remote Operations Assurance audit framework.
• Wind Turbine Installation Vessel (WTIV) Next-generation wind turbine installation vessel with 1,900-tonne lifting capacity and 180-metre hook height, designed for installing 15+MW class turbines using a feeder-based installation system; Jones Act compliant for US operations.

Quantifiable outcome

• Delivered 16 GW of offshore wind products to date
• +2 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature5 records

Partnerships

14 partnerships are on record, tiered core, major and minor.

• American Bureau of Shipping (ABS)coreTechnology or Integration · 28 May 2026ABS granted Approval in Principle (AiP) for Seatrium's NEXTGEN Energy Hub offshore concept integrating ammonia storage and bunkering, power generation, and marine electric vessel charging. Companies also signed MoU for technical collaboration on maritime decarbonization, autonomous vessel systems, new energy solutions, harsh-environment applications, and advanced offshore infrastructure.
• DNVmajorTechnology or Integration · 21 April 2026DNV's Remote Operations Assurance audit framework applied in joint development project with Seatrium, supporting advancement of Seatrium's AssetCare platform from remote monitoring to remote control operations. DNV launched Phase Two of Centre of Excellence for Maritime Decarbonization & Smart Shipping in Singapore.
• Singapore Institute of Technology (SIT)coreStrategic or Co-development Partner · 11 February 2026Launched Offshore & Marine Digital Learning Lab at SIT Punggol Campus to accelerate maritime digitalisation and sustainability. Lab will train over 700 undergraduates and 1,000+ professionals over three years in AI, digital twins, and smart microgrid systems. Builds on 2024 MoU with measurable targets including 10% acceleration in green energy adoption and 20% improvement in remote operations accuracy.
• MammoetmajorImplementation/ SI/ Consulting Partner · 4 February 2026Mammoet signed agreement with Seatrium to execute load-out of three substations for TenneT's 2 GW offshore grid connection programme. Contract involves heavy lifting and transport services to connect large-scale offshore wind farms to European mainland.
• AibelcoreStrategic or Co-development Partner · 22 January 2026Seatrium New Energy (SNE) and Norwegian energy services firm Aibel have filed mutual arbitration claims at Stockholm Chamber of Commerce over consortium dispute concerning 900 MW offshore converter platform for TenneT Offshore. SNE seeking 180 million euros from Aibel while facing approximately 130 million euros in counterclaims.
• GE VernovacoreStrategic or Co-development Partner · 11 December 2025Seatrium and GE Vernova consortium awarded contract by TenneT for BalWin5 project - a 2.2 GW offshore HVDC grid connection linking North Sea wind farms to Germany's power grid. Consortium has also been awarded third contract for TenneT's offshore grid connection programme in the Netherlands (June 2024). Partnership under long-term framework agreement for HVDC offshore transmission infrastructure.
• TenneTcoreStrategic or Co-development Partner · 11 December 2025Dutch transmission operator TenneT engaged Seatrium-GE Vernova consortium for multiple offshore HVDC grid connection projects including BalWin5 in Germany. Seatrium New Energy and Aibel have filed mutual arbitration claims at Stockholm Chamber of Commerce over consortium dispute concerning 900 MW offshore converter platform project for TenneT Offshore.
• KarpowershipcoreStrategic or Co-development Partner · 9 March 2025Turkish energy company Karpowership awarded Seatrium eighth FSRU conversion project (Q3 2026) to convert LNG carrier Karadeniz into FSRU with 600 mmscfd regasification capacity. Strategic partnership extends beyond FSRUs to cover FLNGs, floating batteries, data centers, and desalination vessels, with four additional powership integrations and two more FSRU conversions planned. Seatrium has completed 23 FSRU/FSU conversion projects, including six previous for Karpowership.
• TCOMS (Technology Centre for Offshore and Marine, Singapore)coreStrategic or Co-development Partner · 28 November 2024Partnership to develop new cyber-physical capabilities to enhance performance and safety of floating energy production assets. Seatrium serves as Science and Technical Adviser to TCOMS. In 2026, TCOMS and NUS AI Institute partnered with Seatrium as first industry collaborator for AI-enhanced design synthesis and cognitive operations of maritime and marine & offshore systems.
• Cochin ShipyardminorStrategic or Co-development Partner · 25 November 2024Collaboration on jack-up rigs between Seatrium and Cochin Shipyard in India.
• Institute of Technical Education (ITE)minorStrategic or Co-development Partner · 14 November 2024Launched Digital Learning Lab for Marine and Offshore Education. Seatrium committed S$1.2 million to ITE Education Fund.
• Nanyang Technological University (NTU)coreStrategic or Co-development Partner · 12 August 2024Launched New Energy Laboratory and forged partnership for workforce transformation. Expands NUS CDE Professorship Agreement with about S$1.7M contribution to advance ocean renewable and energy innovation.
• A*STAR (Agency for Science, Technology and Research)coreStrategic or Co-development Partner · 16 April 2024Joint press release at Singapore Maritime Week to explore new energies and AI in offshore and marine applications. Partnership focused on advancing technology development and innovation.
• ShellcoreStrategic or Co-development Partner · 15 April 2024MoU to further collaborate on floating production systems including FPSOs and other offshore energy infrastructure.

Scale indicators12 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• SBM Offshore: Dutch FPSO provider and integrator with major contracts across oil majors worldwide. Directly competes with Seatrium in floating production system newbuilds and topsides integration, serving similar Petrobras and IOC customer base.
• MODEC: Japanese FPSO contractor specializing in floating production systems with global operations. Directly competes with Seatrium's Seatrium Energy division for FPSO topsides integration and charter contracts with oil majors.
• Aker Solutions: Norwegian offshore engineering and construction company with deep subsea and FPSO capabilities. Board member Astrid Skarheim Onsum's former company; competes in HVDC platforms, subsea, and offshore wind infrastructure projects.

Broad incumbents

• Keppel Corporation: Singapore conglomerate that previously owned Keppel Offshore & Marine (now part of Seatrium). Maintains adjacency in offshore engineering, infrastructure, and property development with potential customer overlap in offshore wind and rig-to-moorings conversions.
• Hyundai Heavy Industries: South Korean shipbuilding and offshore engineering giant with extensive shipyard capacity. Competes with Seatrium in offshore newbuilds (FPSOs, drilling rigs) and specialized vessels, leveraging larger scale and lower-cost Korean production base.
• Samsung Heavy Industries: South Korean shipbuilder with major offshore and marine business including FPSO newbuilds, drilling rigs, and LNG carriers. Competes with Seatrium for global offshore engineering contracts and benefits from Korean shipbuilding cost advantages.
• Daewoo Shipbuilding & Marine Engineering: South Korean shipbuilder specializing in LNG carriers, drillships, and offshore platforms. Competes with Seatrium in offshore newbuilds and specialized vessel construction for global energy customers.
• TechnipFMC: Global engineering and construction company serving the energy industry with subsea, surface, and onshore/offshore capabilities. Overlaps with Seatrium in FPSO integration, offshore platforms, and emerging energy transition projects.
• McDermott International: Global engineering, procurement, construction and installation company for offshore and subsea energy projects. Competes with Seatrium in offshore EPCI for oil & gas and emerging offshore wind foundations.

Emerging players

• Cochin Shipyard: Indian shipbuilder with growing offshore engineering capabilities and direct collaboration agreement with Seatrium for jack-up rigs. Smaller scale peer in specialized shipbuilding and offshore platform construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/seatrium
• LinkedInlinkedin.com/company/seatrium
• Instagraminstagram.com/seatriumltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries18 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seatrium