Seatrium's products and services include rigs & floaters, repairs & upgrades, offshore platforms and specialised shipbuilding.

[5] In October 2017, Sembcorp Marine won a $490m contract for the construction of a new floating production storage and offloading hull and living quarters with Statoil Petroleum AS.

Its acquisition consisted of interests and titles to all of Sevan Marine ASA’S intellectual property, and 95% of shares of HiLoad LNG AS, for a cash consideration of $39 million.

[12] In September 2020, Shell postponed a major contract to Sembcorp Marine for an oil rig in the US Gulf of Mexico to 2021, citing economic uncertainty caused by the COVID-19 pandemic.

The charges were in connection with certain drilling rig construction contracts entered into by Sembcorp Marine's subsidiaries in Brazil back in 2012.