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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.

Japan sets course to rebuild shipbuilding by 2035

Japan is committing ¥350 billion over 10 years to revitalise shipbuilding, aiming for 18m GT capacity and a 20% global share by 2035 through state funding, coordinated industry support and US cooperation.

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