Posidonia Shipping & Trading Ltda. entered into a binding agreement to acquire Two units of platform supply vessels of Seatrium Limited for $59.7 million.
Posidonia Shipping & Trading Ltda. entered into a binding agreement to acquire Two units of platform supply vessels of Seatrium Limited (SGX:5E2) for $59.7 million on November 3, 2025. A consideration of $59.7 million will be paid by Posidonia Shipping & Trading Ltda. As part of consideration, $59.7 million is paid towards assets of Two units of platform supply vessels of Seatrium Limited. This accretive divestment is in line with the Seatrium Limited's strategic intent to divest non-core assets to enhance capital and operational efficiencies and create long-term value for its shareholders. No operational impact is expected to arise from such sale.
The transaction is expected to complete before the financial year ends.
Seatrium Limited is a Singapore-based company, which is engaged in the provision of management services and investment holding. The business activities of the Company and its subsidiaries include the provision of engineering solutions to the global offshore, marine, and energy industries. The Company has two reportable segments, namely Rigs & floaters, repairs & upgrades, offshore platforms and specialised shipbuilding segment and Ship chartering segment. Its key business sectors include Oil & Gas Newbuilds and Conversions, Offshore Renewables, Repairs & Upgrades, and New Energies. It operates shipyards, engineering & technology centers and facilities in various countries such as Singapore, Brazil, China, India, Indonesia, and other countries. Its subsidiaries include Gravifloat AS, Jurong Shipyard Pte Ltd, PPL Shipyard Pte Ltd, Jurong Shipbuilders Private Limited, Seatrium (SG) Pte. Ltd., Seatrium Financial Services Pte. Ltd., SML Shipyard Pte Ltd, among others.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Posidonia Shipping & Trading Ltda. entered into a binding agreement to acquire Two units of platform supply vessels of Seatrium Limited for $59.7 million.
