0546 GMT - Seatrium's arbitration news may weigh on the stock's ability to rebound in the near term, says DBS Group Research in commentary. The Singapore offshore and marine company's subsidiary and its consortium partner Aibel filed arbitration proceedings because of disagreements over work, revenue and costs related to a North Sea wind farm project, according to a Thursday filing. DBS notes the Seatrium unit's preliminary claim is EUR180 million, while Aibel's is EUR113 million, and that the Singapore company is uncertain of the financial effect of the proceedings, as it could depend on outcome of the arbitration. Before the news broke, DBS said Seatrium had scope for a near-term rebound when its shares weakened to around S$2.08. That potential could now be limited, DBS says. Seatrium's shares are flat at S$2.13. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 22, 2026 00:46 ET (05:46 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments