Seatrium, the Singapore-based offshore and marine engineering group, has obtained a US$400 million sustainability-linked revolving credit facility from United Overseas Bank (UOB).
The facility, arranged through Seatrium Financial Services, the group’s wholly owned subsidiary, is aligned with its Sustainable Finance Framework. It will enhance Seatrium’s liquidity and financial flexibility while supporting the achievement of its environmental, social and governance (ESG) objectives. This latest facility adds to the more than SG$3 billion in sustainability-linked and green financing raised by the group since 2023.
Stephen Lu, Seatrium’s Chief Financial Officer, said: ‘Our continued partnership with UOB marks an important milestone in advancing our financial agility and deepening our commitment to environmental stewardship. By linking our financing framework to clearly defined sustainability targets, we are not only reinforcing accountability but also embedding climate-conscious principles into our capital strategy. This alignment will actively support our decarbonisation goals and long-term value creation.’
Cindy Kong, UOB’s Managing Director of Group Corporate Banking, added: ‘As the global energy transformation accelerates, sustainability-linked financing is playing a crucial role in driving the shift towards decarbonisation. We are proud to partner Seatrium in championing forward-looking initiatives within the global renewable energy segment.’
The facility is part of Seatrium’s broader strategic focus on sustainable infrastructure and low-carbon engineering solutions. Following the 2023 merger of Sembcorp Marine and Keppel Offshore & Marine, the restructured group now operates across four principal segments: offshore newbuilds and conversions, offshore renewables, repair and upgrade services, and emerging energy technologies.
Seatrium’s long-term sustainability strategy, as evidenced in its ‘Sustainability Vision 2030’, will support clients in reducing emissions by using energy-efficient vessels and environmentally responsible offshore platforms. In July 2025, the company was awarded a contract by Karpowership, a Turkish floating energy specialist, to convert an LNG carrier into a floating storage and regasification unit (FSRU). This project follows an initial agreement signed in April 2024 for the conversion of three-vessel FSRU.
The revolving credit facility reflects a broader trend across the maritime and energy sectors, where financial instruments are increasingly being structured to incentivise measurable environmental outcomes. For Seatrium, the integration of sustainability performance targets into its capital framework signals a strategic alignment with global decarbonisation imperatives.
