Seatrium Consolidating Business by Divesting Non-Core Assets
Singapore-based Seatrium is highlighting a series of recent transaction agreements, all designed to consolidate its business and produce operating cost savings from the sale of non-core assets. It highlights that it has already created US$40 million in savings while noting that it has earmarked additional non-core assets for investment. Seatrium was formed by the 2023 merger of Sembcorp Marine and Keppel Offshore & Marine. “These divestments represent an acceleration in Seatrium’s asset portfolio optimization strategy, optimizing the group’s cost structure,...
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