Seatrium avoids prosecution as High Court approves $140.3m settlement

The DPA is linked to Brazil’s Operation Car Wash corruption probe.

Seatrium Limited will avoid prosecution over offences linked to Brazil’s Operation Car Wash after the High Court approved its deferred prosecution agreement (DPA) with Singapore authorities.

The company is required to pay a financial penalty of $140.3m (US$110m) under the agreement, according to a bourse filing.

Up to $67.6m (US$53m) paid to Brazilian authorities in connection with the same matter will be credited against the penalty, leaving approximately $73.3m payable to Singapore authorities under the DPA.

The General Division of the High Court approved the DPA on 24 April, with no changes to the terms agreed between the company and the Public Prosecutor. The agreement was signed on 30 July 2025.

Seatrium said it had already made provisions for the payment in its FY2025 financial statements. As a result, there is no material impact expected on its net earnings or net tangible assets per share for the financial year ending 31 December 2026.

($1 = US$0.78)

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