Singapore shipyard group Seatrium will integrate four new generation powerships for Karpowership, with an option for two additional units, the company said in a statement 14 August.
Karpowership, the world’s largest
Singapore shipyard group Seatrium will integrate four new generation powerships for Karpowership, with an option for two additional units, the company said in a statement 14 August.
Karpowership, the world’s largest owner of floating power stations, will deliver the hulls and key equipment for the four powerships to Seatrium, where integration works will begin in the first quarter of 2027.
Seatrium’s scope of work includes mechanical and electrical, equipment integration, mechanical completion, and pre-commissioning.
“We are developing our 3rd Generation Powerships with a modular system that can be adapted based on project needs. The new design will allow for the integration of advanced technologies such as CCUS (Carbon Capture, Utilisation and Storage) systems or turbines when required,” said Karpowership’s chief technical operations officer Gokhan Kocak.
On top of that, Seatrium will also convert three LNG carriers into Floating Storage and Regasification Units (FSRUs) for Karpowership.
This involves the installation of regasification modules, spread-mooring systems, and the integration of support systems such as cargo handling, offloading, utility, electrical, and automation systems.
To that end, a letter of intent was inked between Seatrium and Karpowership.
The value of these contracts was not disclosed.
“With four FSRUs delivered, a fifth due later this month, and two more underway, we are proud to be a long-term trusted partner in delivering greener energy and sustainable solutions; through a variety of innovative solutions in new generation powerships, FLNGs, floating battery, floating data centres and water de-salination vessels,” said Seatrium’s executive vice resident of repairs and upgrades Alvin Gan.
Just two weeks ago, Seatrium had shaken off the stigma from its involvement in Brazil’s Operation Carwash, having paid up to $188m in penalties.
The company also saw a stellar financial performance, posting a 301% leap in net profit at $111.2m for the first half of 2025.
Seatrium’s share price on the Singapore Stock Exchange was at SGD 2.33 at 11am today, falling 1.25% from yesterday’s close.
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