Seatrium Limited has announced plans to achieve over S$50m in operational cost savings by early 2026 through a series of non-core asset divestments. The Singapore-based engineering solutions provider is accelerating its asset portfolio optimisation strategy to streamline operations and enhance long-term shareholder value.
Recent divestments include the sale of the AmFELS yard in Texas and GNL Platform Supply Vessels, with all transactions expected to complete by early 2026. These moves are part of Seatrium’s efforts to optimise its cost structure and sharpen its competitive edge. The company is also divesting a fleet of 17 tugboats in Singapore for S$104m, with a towage services agreement ensuring continuity of services.
In January 2026, Seatrium sold its Can-Do 2 floating dock for S$16.9m, a transaction expected to eliminate vessel-related expenses. Additionally, the Karimun Yard in Indonesia was divested for S$22m in December 2025, centralising Seatrium’s operations on Batam Island.
The Crescent Yard in Singapore is also set for divestment, with completion expected by the first quarter of 2026. These strategic moves are designed to position Seatrium for greater agility and to capture emerging opportunities in the global offshore, marine, and energy industries.
