The offshore and marine service provider Seatrium has concluded a sustainability-linked revolving credit facility of over $400 million with United Overseas Bank (UOB).
The credit facility is linked to defined sustainability targets and is intended to strengthen the Group’s liquidity and drive forward the implementation of its own ESG strategy.
“By linking our financing to climate targets, we are creating more transparency and actively supporting our decarbonization strategy,” explained CFO Stephen Lu. He sees sustainability-linked financing as an important driver of the global energy transition.
Since 2023, Seatrium has already raised the equivalent of over USD 2.4 billion in sustainable loans and green financing. With its “Sustainability Vision 2030”, the Group is pursuing the goal of providing energy-efficient offshore platforms and environmentally friendly specialty vessels.
