Seatrium Limited announced that its subsidiary, Seatrium Financial Services Pte. Ltd. (SFS), has secured a US$400 million Sustainability-Linked Revolving Credit Facility with United Overseas Bank (UOB). This facility aligns with Seatrium’s Sustainable Finance Framework and enhances the Group’s liquidity while supporting its long-term ESG goals in the offshore, marine, and energy sectors.
Dr. Stephen Lu, Seatrium’s CFO, stated, “This partnership with UOB strengthens our financial agility and commitment to environmental stewardship. By tying financing to sustainability targets, we reinforce accountability and integrate climate-conscious principles into our capital strategy, advancing decarbonization and long-term value creation.”
Cindy Kong, UOB’s Managing Director of Group Corporate Banking, added, “Sustainability-linked financing is pivotal in accelerating global energy transformation. We’re proud to support Seatrium’s leadership in renewable energy innovation and sustainable business growth.”
Since 2023, Seatrium has secured over S$3 billion in sustainability-linked and green financing, reinforcing its role as a global leader in sustainable engineering solutions. The Group remains committed to its Sustainability Vision 2030, helping clients reduce carbon footprints through energy-efficient vessels and offshore platforms.