- Seatrium to begin integration works in Singapore from Q1 2027.
- Scope includes mechanical, electrical, and pre-commissioning works.
- Three LNG carriers to be converted into FSRUs with advanced systems integration.
Seatrium Limited has officially inked a Letter of Intent (LOI) with Karpowership, a leading global energy firm and the largest operator of Powerships worldwide. This agreement, signed in Singapore, not only solidifies their strategic partnership but also emphasises their shared commitment to providing sustainable, mobile, and scalable maritime energy solutions, reports Seatrium.
Expanding Role in Global Floating Power Solutions
This collaboration marks a significant step for Seatrium as it enhances its footprint in the floating power infrastructure sector. The partnership aims to deliver energy access to underserved areas, allowing for flexible deployment that can cater to a variety of needs—from powering remote communities and industrial sites to supporting data centres and transitional energy hubs.
Scope of Work Under the Agreement
As part of the LOI, Seatrium will be integrating four New Generation Powerships, with the possibility of adding two more units down the line. Karpowership will provide the hulls and essential equipment, with integration work set to kick off at Seatrium Singapore in the first quarter of 2027. The scope of work includes mechanical and electrical integration, mechanical completion, and pre-commissioning tasks.
Additionally, the agreement encompasses the conversion, life extension, and repair of three LNG carriers into Floating Storage and Regasification Units (FSRUs). This process will involve the installation of regasification modules, spread-mooring systems, and the integration of cargo handling, offloading, utility, electrical, and automation systems.
Commitment to Energy Transition and Innovation
Mr. Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said: “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. 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 desalination vessels. These projects demonstrate our engineering excellence and our commitment to supporting the energy transition.”
Future-Focused Powership Development
Mr. Gokhan Kocak, Chief Technical Operations Officer, Karpowership, said: “We are proud to deepen our long-term partnership with Seatrium as we continue to grow our Powership and FSRU fleet to meet evolving global energy needs. Seatrium’s consistent performance, engineering excellence, and technical strength make it a trusted partner in our ongoing mission to provide reliable and sustainable energy solutions worldwide. As part of this effort, 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.
By combining our expertise in design, engineering, and construction with cutting-edge innovation, we aim to reduce our environmental impact while delivering flexible and reliable energy solutions. We look forward to many more years of close collaboration and shared success.”
Strategic Ambition in Distributed and Sustainable Energy
This LOI showcases Seatrium’s ambition to become a frontrunner in the realm of distributed and sustainable energy solutions. By harnessing innovation and forming strategic partnerships, the company aims to address the global energy demands effectively.
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Source: Seatrium
