Supporting Seatrium to grow its global orderbook

Clifford Capital, together with nine other banks, supported Seatrium with a US$1 billion Committed Global Syndicated Bank Guarantee Facility. This is instrumental in helping Seatrium secure new contracts and expand its export business. This is the first syndicated Bank Guarantee facility of its kind in Singapore’s offshore and marine industry and also marks the first time Clifford Capital is offering a Bank Guarantee product to its clients.

Seatrium is a global provider of engineering solutions for the marine, offshore, and energy industries, with a focus on cleaner offshore and marine solutions, new energies and offshore renewables. Its customers include major energy companies, shipping companies, vessel owners and operators around the world.

With a growing orderbook, Seatrium requires commensurately larger credit lines to support its working capital needs.