Summary

Seatrium announced it expects to achieve over $50 million in annualized operational cost savings by early 2026 through the divestment of non-core assets. The savings are part of Seatrium’s asset portfolio optimization strategy, which includes the sale of tugboats, a floating dock, and shipyards in Singapore and Indonesia. The divestments aim to optimize the group’s cost structure, enhance asset utilization, and sharpen its competitive edge.

https://www.straitstimes.com/business/companies-markets/seatrium-targets-over-50-million-in-savings-through-asset-divestments?ref=top-stories