Sembcorp Marine is proposing to change its name to Seatrium Limited following completion of its merger with Keppel Offshore & Marine on 28 February 2023.
The new company will adopt a changed branding for the enlarged entity.
The proposed change of name is subject to shareholders’ approval and will not affect the identity of the Company or any of its rights and obligations, Sembcorp said.
It also won’t affect any of the rights of shareholders or the Group’s daily business operations and financial standing.
Seatrium is a reflection of the business and its aspiration to be a premier global player providing innovative engineering solutions for the offshore, marine and energy industries.
To develop the proposed name, more than 1000 names were generated, and a rigorous process of legal and linguistic screening was carried out to ensure that the chosen name would be viable.
The enlarged entity will unite world-class talent and engineering capabilities to create transformative and sustainable offshore and energy solutions, the company said.