Singapore’s Seatrium unit secures S$500 million green loan from UOB

Chicago, Jan. 23 – Seatrium Ltd.’s wholly owned subsidiary, Seatrium Financial Services Pte. Ltd., secured a S$500 million committed green revolving loan facility from UOB, according to a press release.

Proceeds will be used to finance green/environmentally sustainable projects.

Noted in the release, Seatrium secured more than S$2 billion in sustainability-linked loans and green financing in 2023.

Seatrium, formerly SembCorp Marine, is a Singapore-based company providing engineering solutions to the global offshore, marine and energy industries.

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