Seatrium Limited (Seatrium, or the Group) is pleased to announce
that its wholly-owned subsidiary Seatrium Financial Services Pte. Ltd. (SFS) has successfully
secured a S$400 million committed Green Revolving Loan Facility from UOB.
The loan facility, underpinned by green loan principles, supports Seatrium’s business growth in
the offshore renewables space through financing green/ environmentally sustainable projects, and
achieving its Environmental, Social and Governance (ESG) targets over time, further bolstering
sustainable development in the offshore and marine sector.
Mr Adrian Teng, Seatrium’s Chief Financial Officer, said, "Seatrium is pleased to partner with UOB
on our inaugural green loan facility that will enable us to unlock new opportunities to scale our
business ambitions in maritime and offshore renewables. Successful partnerships with industry
players and financial institutions are critical in achieving our shared commitment towards maritime
decarbonisation. UOB's strong support for our green financing efforts underscores their
commitment towards sustainable development, a key step towards driving positive change in
clean energy transition.”
Mr Leong Yung Chee, Head of Group Corporate Banking, UOB said, “The transformation of the
global energy system is exponential and green financing plays a pivotal role in accelerating this
transition towards decarbonisation. As like-minded partners, we are aligned and supportive of
Seatrium’s industry-leading efforts to seize opportunities within the renewables energy segment.
This partnership will pave the way for more innovative and cleaner energy solutions to chart
responsible business growth globally.”
In 2023, Seatrium successfully secured over S$2 billion in sustainability-linked loans and green
financing. As a leading global provider of engineering solutions for the offshore, marine, and
energy industries, Seatrium is dedicated to fulfilling its Sustainability Vision 2030 by enabling its
clients in their mission to reduce carbon footprint through the construction, conversion, and
retrofitting of energy-efficient and environmentally sustainable vessels and subsea
platforms/development. The Group has set a target 40% of its net order book to comprise
cleaner/greener solutions and renewable sources of energy by 2030.
