Seatrium completes sale of Karimun Yard in Indonesia

The company expects over $50m in annual savings once fully implemented.

Seatrium Limited has completed the divestment of its Karimun Yard on Karimun Island, Indonesia, on 9 March.

Along with previously announced disposals of other non-core assets, the company expects these moves to generate more than $50m in annual cost savings once fully implemented.