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Seatrium

Worker Dies at Tuas Shipyard; MOM Investigates

A 24-year-old welder died at a Tuas shipyard worksite occupied by Seatrium after he was found unconscious inside a 28-inch stainless-steel pipe on board a newly fabricated process module. Singapore’s Ministry of Manpower said it is investigating the incident and restated confined-space safety measures.

Seatrium Secures Cruise Repair Work From Royal Caribbean Group

Seatrium has signed a new agreement with Royal Caribbean Group covering cruise vessel inspections, repairs and upgrades in Singapore over the next several years. The deal includes work across the group’s global fleet and strengthens workload visibility for Seatrium’s local yards.

Seatrium divests AmFELS Yard in Brownsville, Texas, selling the facility to Karpowership affiliate for S$65 million

Seatrium Completes Karimun Yard Sale

Seatrium completed the S$22 million sale of its Karimun Island yard in Indonesia, consolidating operations at Batam as part of a wider non-core asset divestment plan.

Seatrium divests AmFELS Yard in Brownsville, Texas, selling the facility to Karpowership affiliate for S$65 million

Seatrium Accelerates Asset Sales to Cut Costs

Seatrium is progressing asset divestments including 17 tugboats sold for S$104m, the Can-Do 2 dock for S$16.9m, and the Karimun Yard for S$22m, targeting early-2026 completion.

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