Seatrium Secures 720 Million Euro Green Trade Finance Facility From OCBC

14
Comment
Favorite

Seatrium Secures 720 Million Euro Green Trade Finance Facility From OCBC

The Business Times2023-07-13

OFFSHORE and marine engineering player Seatrium has secured a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to finance its sustainability ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2350321204?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-07-13 10:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2350321204","market":"sg","top_or_hot":-1,"title":"Seatrium Secures 720 Million Euro Green Trade Finance Facility From OCBC","media":"The Business Times","content":"<div>\n<p>OFFSHORE and marine engineering player Seatrium has secured a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to finance its sustainability ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/seatrium-secures-720-million-euro-green-trade-finance-facility-ocbc\">Source Link</a>\n\n</div>\n","source":"bustime_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seatrium Secures 720 Million Euro Green Trade Finance Facility From OCBC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeatrium Secures 720 Million Euro Green Trade Finance Facility From OCBC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-13 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/seatrium-secures-720-million-euro-green-trade-finance-facility-ocbc><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>OFFSHORE and marine engineering player Seatrium has secured a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to finance its sustainability ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/seatrium-secures-720-million-euro-green-trade-finance-facility-ocbc\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"O39.SI","symbol_name":"华侨银行","start_time":0,"source_url":"https://www.businesstimes.com.sg/companies-markets/seatrium-secures-720-million-euro-green-trade-finance-facility-ocbc","article_id":"2350321204","we_media_id":null,"thumbnails":[],"rights":{"source":"bustime_highlight","url":"https://www.businesstimes.com.sg/companies-markets/seatrium-secures-720-million-euro-green-trade-finance-facility-ocbc","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2350321204","pubTimestamp":1689213813,"sourceInfo":{"source_id":"bustime_highlight","name":"The Business Times"},"weMediaInfo":null,"summary":"OFFSHORE and marine engineering player Seatrium has secured a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to finance its sustainability efforts, the group said on Wednesday (Jul 12).","collect":0,"end_time":0,"defaultTopTitle":"businesstimes.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"O39.SI":"华侨银行"},"translate_title":"Seatrium从华侨银行获得7.2亿欧元绿色贸易融资","themeId":"8dd8b3510ee24ff1ba7734bf3b11b502","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"O39.SI":1,"S51.SI":1},"content_text":"OFFSHORE and marine engineering player Seatrium has secured a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to finance its sustainability efforts, the group said on Wednesday (Jul 12).“This trade financing solution... will support Seatrium’s offshore renewable projects and decarbonisation efforts, bolstering the group’s implementation of green measures and investments in sustainable and environmentally-friendly technology and practices within its operations,” it said in a bourse filing.The company, formerly known as Sembcorp Marine, flagged that renewables and green solutions comprise about 39 per cent of its net order book, based on its Q1 2023 business update.The Straits Times Index constituent also highlighted its construction and fabrication of “several of the world’s large-scale and complex offshore converter platforms” that contribute to the green transition.Acting group finance director Paul Tan added: “(It) is a testament to our commitment towards responsible and sustainable business practices in the offshore and marine industry.”Elaine Lam, head of global corporate banking at OCBC, said: “This green trade finance facility, being one of the industry’s largest, attests to Seatrium’s dedication to decarbonising its operations and investing in green technology and renewable energy solutions.”Shares of Seatrium closed at S$0.141 on Wednesday, up S$0.009 or 6.8 per cent, before the announcement.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":14,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}