Seatrium Limited has announced a new partnership with Karpowership, marked by the signing of a Letter of Intent (LOI) in Singapore. This agreement aims to integrate four New Generation Powerships and convert three LNG carriers into Floating Storage and Regasification Units (FSRUs), with work commencing in the first quarter of 2027.
The collaboration underscores Seatrium’s strategic ambition to enhance its role in the global floating power infrastructure sector. The integration of Powerships will involve mechanical and electrical equipment integration, mechanical completion, and pre-commissioning. Karpowership will supply the hulls and key equipment for these projects.
Additionally, the conversion of LNG carriers into FSRUs will include the installation of regasification modules and the integration of systems such as cargo handling and automation. This initiative is part of Seatrium’s broader commitment to advancing sustainable and scalable maritime energy solutions.
Alvin Gan, Executive Vice President of Repairs and Upgrades at Seatrium, highlighted the significance of the partnership, stating, “This LOI marks a pivotal step in our journey to build a global franchise in floating power infrastructure.” Gokhan Kocak, Chief Technical Operations Officer at Karpowership, added, “We are proud to deepen our long-term partnership with Seatrium as we continue to grow our Powership and FSRU fleet.”
This agreement not only strengthens the partnership between the two companies but also positions them as key players in providing flexible and sustainable energy solutions worldwide.
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