Singapore-based Seatrium has finalized agreements related to a 2015 corruption case involving its predecessors, Sembcorp Marine and Keppel Offshore & Marine. Settlements in Brazil and Singapore aim to resolve the issues stemming from Brazil’s Operation Car Wash, allowing Seatrium to progress without further complications or financial impact.
A year after Singapore launched an investigation into pre-2015 corruption involving Sembcorp Marine and Keppel Offshore & Marine, Seatrium confirmed additional information requests. The company settled in Brazil over decade-old activities and agreed to a fine in Singapore in February 2024. MAS and CAD are now investigating potential offenses, with Seatrium pledging full cooperation. Former executives also face charges.
(WO) – ABS and Seatrium have strengthened their partnership with a three-year Technology Collaboration Agreement signed at the Offshore Technology Conference. The agreement focuses on decarbonization, electrification, new energies, and digital transformation to advance technological solutions for the marine and offshore industries. The collaboration aims to support green retrofit products and services for a sustainable future.
