Seatrium Maintains $12.8B Order Book on Renewables and FPSO Progress

Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.

The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031. During the third quarter of 2025 the company completed the wind turbine installation vessel Charybdis and the offshore substations Greater Changhua 2b and 4, together with 47 repairs and upgrades projects.

New orders, primarily from returning customers, included the upgrade of FLNG Hilli Episeyo and several repair and conversion works. The company said it had also divested a U.S. surplus yard and non-core platform supply vessels for more than $108 million (S$140 million) as part of its asset-optimization drive.

“We delivered another strong quarter in 3Q2025, continuing the momentum from 1H2025. This reflects the strength of our diversified portfolio and strong execution. Our proven ability in delivering high-quality solutions for complex offshore and marine projects, coupled with synergies harnessed across our global footprint, positions us well as we focus on converting our robust pipeline into order book for future earnings visibility. Concurrently, we strive to enhance margins through