HEAVY MARINE TRANSPORT NEWS

shipyard divestment

Seatrium and Cochin Shipyard representatives sign MoU for offshore cooperation in India and Asia

Seatrium Closes $51.2m Sale of Texas AmFELS Yard to Karpowership Affiliate

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

Seatrium Divests AmFELS Yard in Texas to Karpowership Affiliate for S$65 Million

24, September 2025

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.

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