Seatrium Limited, through its subsidiary Seatrium Financial Services Pte. Ltd., has secured a US $400 million sustainability-linked revolving credit facility from United Overseas Bank (UOB), reinforcing its Sustainable Finance Framework and commitment to environmental, social, and governance (ESG) goals .
💼 Financing for Sustainability and Flexibility
The new facility enhances Seatrium’s financial agility by offering a revolving credit line that’s directly tied to achieving clearly defined sustainability milestones, such as reducing carbon emissions and increasing clean-energy investments MarketersMEDIA Newswire+11MarketersMEDIA Newswire+11MarketScreener+11. Since 2023, the company has raised over SG$3 billion (~US $2.3 billion) in sustainability-linked and green finance The Straits Times+9The Edge Singapore+9MarineLink+9.
🌍 Strategic ESG Impact
- Dr. Stephen Lu, Seatrium’s CFO, emphasized that the facility allows the company to “embed climate-conscious principles into our capital strategy,” aligning financial outcomes with ESG accountability and supporting long-term decarbonization efforts Business Times+11The Edge Singapore+11iMarine+11.
- Cindy Kong, UOB’s Managing Director for Corporate Banking, noted that as global energy transformation accelerates, sustainability-linked financing plays a pivotal role in decarbonization and innovation within renewable-energy projects Business Times+10The Edge Singapore+10Shipping Herald+10.
🛠 Sector Leadership in Offshore, Marine & Energy
Seatrium is a global leader in engineering solutions for offshore, marine, and energy industries, offering vessel design, retrofits, and offshore renewables. The new facility supports its Sustainability Vision 2030, which includes a goal of achieving 40% of its net order book in cleaner, renewable solutions by the end of the decade The Edge Singapore+10MarketersMEDIA Newswire+10MarketersMEDIA Newswire+10.
✅ Bottom Line
This facility strengthens Seatrium’s position as a sustainable finance frontrunner in the offshore and marine sectors. It not only boosts liquidity and financial flexibility but also firmly ties capital access to its climate performance and ESG objectives.
