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.
Seatrium has won a new FSRU conversion contract from Karpowership, with work on LNGT Karadeniz scheduled to begin in the third quarter of 2026.
Seatrium completes the S$65 million ($51.2m) sale of its Brownsville, Texas AmFELS yard to a Karpowership-related party, shifting its U.S. focus to engineering and technology support.
Seatrium has divested its AmFELS Yard in Brownsville, Texas, to Karpowership affiliate Karpower Valley LLC for S$65 million, as part of a strategy to streamline operations and boost capital efficiency.
