Seatrium says its net order book stands at $21.3b as at end-March

Impact on the firm from global uncertainty over US policies small at the moment: CEO

- Sue-Ann Tan

Offshore and marine specialist Seatrium said its net order book stood at $21.3 billion as at March 31, in a business update that the company filed with the Singapore Exchange on May 29.

This order book comprises 26 projects with deliveries that extend to 2031, it added. Projects relating to renewables and green or cleaner solutions amounted to $7.1 billion of the total.

Seatrium's shares rose 1 per cent to $2.08 as at the midday trading break on May 29, after its business update. It closed the day at $2.07.

In the filing, the company said it maintained its focus on operational excellence and cost optimisation amid an uncertain operating environment, and continued to secure repeat order wins and breakthroughs in new markets.

On the oil and gas front, Seatrium noted that there has been steady progress on existing projects.

It delivered its fourth floating production storage and offloading (FPSO) project for waters off Guyana, and also has topsides fabrication and integration works under way for two other FPSO units bound for the South American country.

An FPSO unit is a type of floating facility used in the offshore oil and gas industry for the processing, transport and storage of oil and gas.