Singapore-headquartered shipyard operator Seatrium Limited has signed a letter of intent for powership integrations and FSRU conversions with Karpowership, an energy company and owner, operator, and builder of a large powership (floating power plant) fleet.
Under the letter of intent, Seatrium will carry out the integration of four new generation powerships, with an option for two additional units.
With a fleet of 50 powerships and a total installed capacity of 10,000 MW, Karpowership will deliver the hulls and key equipment for the four powerships to Seatrium Singapore, 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.
The agreement also includes the conversion, life extension and repairs of three LNG carriers into floating storage and regasification units (FSRUs). This involves the installation of regasification modules, spread-mooring systems, and the integration of critical supporting systems such as cargo handling, offloading, utility, electrical, and automation systems.
“This LOI marks a pivotal step in our journey to build a global franchise in floating power infrastructure. Our successful collaboration with Karpowership goes beyond FSRU conversions – it’s about enabling energy access through innovative maritime platforms,” said Alvin Gan, executive vice president, repairs and upgrades, Seatrium.
Karpowership offers floating LNG solutions, with a fleet of 11 LNG assets, including the ones in the pipeline, that is composed of FSRUs and LNG carriers.
On the other hand, Seatrium’s key business segments include oil and gas newbuilds and conversions, offshore renewables, repairs and upgrades, and new energies.
Seatrium operates shipyards, engineering and technology centres and facilities in Singapore, Brazil, China, India, Indonesia, Japan, Malaysia, the Philippines, Norway, Saudi Arabia, the United Arab Emirates, the United Kingdom and the United States.
