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An update from Seatrium Limited ( (SG:5E2) ) is now available.
Seatrium Limited has secured a contract from Höegh Evi, a global leader in floating energy infrastructure, to convert the LNG carrier Hoegh Gandria into a Floating Storage Regasification Unit (FSRU). This project, set to begin in May 2025 with an 18-month duration, will enhance Seatrium’s reputation as a pioneer in FSRU conversions and strengthen its longstanding partnership with Höegh Evi. The FSRU will be deployed in Egypt, supporting the country’s energy infrastructure and highlighting Seatrium’s commitment to delivering complex projects with precision.
The most recent analyst rating on (SG:5E2) stock is a Buy with a S$2.35 price target. To see the full list of analyst forecasts on Seatrium Limited stock, see the SG:5E2 Stock Forecast page.
More about Seatrium Limited
Seatrium Limited is a market leader in the highly specialized field of Floating Storage Regasification Unit (FSRU) and Floating Storage Unit (FSU) conversions. The company has successfully delivered 20 projects since 2007, showcasing its expertise in engineering and technical capabilities for complex projects in the floating energy infrastructure sector.
Average Trading Volume: 21,408,338
Technical Sentiment Signal: Hold
Current Market Cap: S$6.92B
For a thorough assessment of 5E2 stock, go to TipRanks’ Stock Analysis page.