Seatrium

2024 - 5 - 27

Shocking News for Tesla Shareholders and Singapore Stocks Drop

Citi upgrade - FPSO vessels - Petrobras contracts - Seatrium - Singapore shipbuilding industry - Stock market

Find out why Tesla shareholders are advised to reject Elon Musk's massive pay package and how Singapore stocks opened lower on Monday.

Seatrium brings you the latest in financial news! Proxy advisory firm Glass Lewis shook the market by advising Tesla shareholders to reject Elon Musk's jaw-dropping US$56 billion pay package. The firm stated on Saturday that this exorbitant amount for the CEO should not be approved. Meanwhile, in Singapore, stocks started the week on a low note. The STI opened with a 0.1% decline on Monday. Global markets ended last week with a mixed performance, setting the tone for a cautious start.

The recommendation by Glass Lewis has raised concerns among investors about the appropriateness of such lavish compensation in the corporate world. The debate over executive pay and its impact on company performance continues to spark discussions in the financial community. On the other hand, the slight dip in Singapore stocks reflects the influence of global market trends on local trading activities.

In a surprising turn of events, the rejection of Musk's pay could lead to a significant shift in how CEO compensations are perceived and structured in the future. Additionally, the fluctuations in Singapore stocks highlight the interconnectedness of the global financial landscape. Stay tuned to Seatrium for more updates on the dynamic world of finance!

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Image courtesy of "The Business Times"

Tesla shareholders advised to reject Elon Musk's US$56 billion pay (The Business Times)

PROXY advisory firm Glass Lewis said on Saturday (May 25) it has urged Tesla shareholders to reject a US$56 billion pay package for chief executive officer ...

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Image courtesy of "The Business Times"

Singapore stocks open lower on Monday; STI down 0.1% (The Business Times)

SINGAPORE stocks opened weaker on Monday (May 27) after global markets closed last week mixed.

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Image courtesy of "The Edge Singapore"

Citi upgrades Seatrium after bagging long-awaited Petrobras contracts (The Edge Singapore)

CGSI estimates that Seatrium will report an order book of about $15 billion at its 1QFY2024 business update.

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Image courtesy of "Offshore Energy"

Petrobras taps Seatrium for construction of $8.15 billion FPSO pair (Offshore Energy)

Petrobras has hired Seatrium for the supply of two FPSOs, which will be deployed at its fields off the coast of Brazil.

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Image courtesy of "Splash 247"

Seatrium lands $8bn in FPSO contracts from Petrobras (Splash 247)

Singapore shipyard group Seatrium has won an S$11bn ($8.14bn) contract to build two floating production storage and offloading (FPSO) vessels for Brazil's ...

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Image courtesy of "WorldOil"

Seatrium secures $11 billion FPSO contracts offshore Brazil from ... (WorldOil)

The P-84 and P-85 platforms are part of Petrobras' new generation of FPSO platforms, characterized by a high production capacity that prioritize sustainable ...

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Image courtesy of "TradeWinds"

Singapore's Seatrium gets $8bn boost as Petrobras orders more ... (TradeWinds)

The Singapore group, which was formed by the merger of Sembcorp Marine and Keppel Offshore & Marine, is already building four other Petrobras FPSO newbuilds, ...

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Image courtesy of "MarineLink"

Seatrium has won an international from Petrobras, acting as ... (MarineLink)

Seatrium has won an international from Petrobras, acting as operator of Atapu and Sepia consortiums, for the newbuild supply…

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Image courtesy of "The Straits Times"

Seatrium bags $11 billion in contracts from Petrobras to build FPSO ... (The Straits Times)

Construction will begin in the first quarter of 2025, with final delivery expected in 2029 Read more at straitstimes.com.

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Image courtesy of "The Business Times"

Singapore stocks open lower on Monday; STI down 0.1% (The Business Times)

SINGAPORE stocks opened weaker on Monday (May 27) after global markets closed last week mixed.

Seatrium shares jump more than 10% following $11 billion order win ... (The Edge Singapore)

The latest contracts were won at a price estimated at 30% higher than the previous orders from Petrobras.

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Image courtesy of "Singapore Business Review"

Daily Markets Briefing: STI up 0.06%; Top stock is Seatrium (Singapore Business Review)

Seatrium is the most active stock, followed by SATS (+3.92%) and YZJ Shipbldg SGD (+1.58%). Sembcorp Ind and SIA were at the foot.

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Image courtesy of "The Edge Singapore"

Seatrium reports net order book of $25.8 bil in 1QFY2024 business ... (The Edge Singapore)

Shares in Seatrium closed 18 cents higher or 11.69% up at $1.72 on May 27.

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Image courtesy of "The Business Times"

Stocks to watch: Seatrium, YZJ Shipbuilding, Boustead, OUE Reit ... (The Business Times)

THE following companies saw new developments that may affect trading of their securities on Tuesday (May 28):

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Image courtesy of "The Straits Times"

Seatrium secures $11.4 billion in orders to date this year (The Straits Times)

Contracts came from Petrobras and Shell, among other clients. Read more at straitstimes.com.

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Image courtesy of "The Business Times"

San Francisco's hot tourist attraction: driverless cars (The Business Times)

WHEN David De Clercq travelled to San Francisco last year, he had a few musts on his itinerary: Go to Alcatraz. Try new restaurants.

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