Stock Track | Seatrium Ltd Soars 3.38% Intraday on US$360 Million Contract Agreement with Maersk Offshore Wind

Stock Track12-22 09:54

Seatrium Ltd (5E2.SI) saw its shares surge by 3.38% during intraday trading on Monday, outperforming the broader market.

The rally was driven by the company's announcement of an agreement with Maersk Offshore Wind’s affiliate, Phoenix II, for the payment of a US$360 million contract balance upon the delivery of a wind turbine installation vessel by February 28, 2026. This development has bolstered investor confidence in Seatrium's financial and operational prospects.

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