Seatrium Ltd has secured a new contract to build a heavy lift vessel for the Japanese offshore wind market.

This order is part of the company's strategic expansion into the renewable energy sector.

Additionally, Seatrium will supply equipment and license for a LeTourneau Super 116E Class jack-up rig as part of its latest new order wins.

These developments are expected to bolster Seatrium's net order book, which currently stands at S$21.3 billion, with projects scheduled for delivery until 2031.

The company continues to focus on operational excellence and cost optimization in a challenging market environment.