Seatrium has secured its ninth FSRU conversion for Karpowership, with Arctic Voyager set to become LNGT Akdeniz for Kinetics and delivery targeted for Q3 2028.
Seatrium reported a 158% rise in 1H2026 net profit to S$373 million, while revenue increased to S$5.6 billion and its net order book stood at S$13.3 billion.
Seatrium has held a steel-cutting ceremony for the LNGT Karadeniz conversion, its eighth FSRU project for Karpowership and the first of three conversions covered by a 2025 letter of intent.
Seatrium has cut first steel for LNGT Karadeniz, the first high-capacity FSRU for Kinetics and the first of three LNG carrier conversions covered by an earlier letter of intent.
