LNG

Kinetics, a Karpowership initiative, has begun construction of its first high-capacity floating storage and regasification unit, LNGT Karadeniz, at Seatrium’s Tuas Boulevard yard in Singapore. The vessel will provide up to 600 million standard cubic feet per day of regasification capacity.

Singapore’s Seatrium Ltd has secured a contract from Turkey’s Karpowership to convert eight LNG carriers into Floating Storage and Regasification Units (FSRUs), with work set to begin in the third quarter of 2026.

Seatrium has reported a net order book of S$16.6 billion for the third quarter 2025, with 24 projects scheduled for delivery through 2031. The upgrade of FLNG Hilli Episeyo was completed during the quarter.

KARMOL, a joint venture between Karpowership and Japan’s MOL, has named its latest Floating Storage and Regasification Unit (FSRU) at Seatrium’s yard in Singapore. The four conversions include Karmol LNGT Powership Africa, Karmol LNGT Powership Asia and Karmol LNGT Powership Europe.

The contract strengthens Seatrium’s position as a leader in the highly specialised FSRU conversion market. Works entail the instalment of a regasification skid and supporting systems such as cargo, utility, spread-mooring, offloading, electrical and automation.

KARMOL LNGT Powership Africa (ex-Dwiputra, built 1994) arrived off Dakar, Senegal, in June 2021. The vessel has a storage capacity of 125,000 cubic meters and a scalable regas capacity of 15 to 300 million standard cubic feet per day (mmscfd), adding to the Turkish company’s global fleet of LNG-to-power solutions.

Karpowership, part of Istanbul-based Karadeniz Holding, has the world’s largest fleet of Powerships with 40 ships and a combined capacity of over 7,500 MW. Earlier this year, the Turkish company contracted MAN Energy Solutions to supply and install 48 dual-fuel engines.

Greek liquefied natural gas project leader Gastrade has said that delays were being experienced for the start-up of Greece’s Alexandroupolis floating LNG import hub to supply Balkan gas grids.

May 16 (LNGJ) - Seatrium, the Singapore shipyards company for newbuilds, conversions and offshore platforms, has been awarded a contract by Single Buoy Moorings Inc, an SBM Offshore company, for the topsides fabrication and integration of a Floating Production Storage and Offloading (FPSO) vessel to be deployed offshore the South American oil and gas nation of Guyana.

   Seatrium’s scope of work includes the fabrication of several topsides modules, riser, mooring and umbilical structures, followed by the installation and integration of these structures and all topside modules for the “FPSO Jaguar”. On completion, the FPSO will be deployed to serve in the Whiptail Field offshore the Stabroek Block in Guyana for ExxonMobil. “The ‘FPSO Jaguar’ is designed to produce 250,000 barrels of oil per day and an associated gas treatment capacity of 540 million cubic feet per day,” said Seatrium.

May 6 (LNGJ) - Seatrium of Singapore has secured a floating production, storage and offloading (FPSO) topsides integration contract from a long-standing customer, Offshore Frontier Solutions, a subsidiary of Japan’s Modec Group. The scope of work covers the installation and integration of topside modules onboard the “FPSO Errea Wittu” and includes completion and commissioning support for Modec.

   The Singaporean company said the “FPSO Errea Wittu” would be deployed in the Uaru Field in the Stabroek Block located 200 kilometres (124 miles) offshore Guyana. The field is 45-percent owned by ExxonMobil Corp., 30 percent by Hess of the US and 25 percent by China’s CNOOC Petroleum. The FPSO is expected to have a production capacity of 250,000 barrels of oil per day, water injection capacity of 350,000 barrels of water per day and 540 million cubic feet per day of natural gas production and with a storage capacity of two million barrels of oil.

Seatrium of Singapore, the shipyard engineering company, with continued project successes in oil and LNG with many projects to work on through 2025 has signed an accord with Shell Global Solutions to explore and strengthen collaboration opportunities in Floating Production Systems through leveraging their engineering capabilities and technologies.

Seatrium, formerly called Sembcorp Marine Ltd and renamed as Seatrium following its merger with Keppel Offshore & Marine, signed a memorandum of understanding (MoU) with ethe Shell unit focusing on driving project standardisation and replication while seeking to promote best practices in the design of floating systems.

The Singaporean company noted that Seatrium and Shell had worked together on various projects over the years, including the recently-announced Sparta floating production unit (FPU), which is conceived as a replicable project to leverage the Group’s topsides single-lift integration methodology, following the
fabrication of Vito and Whale FPU newbuilds in 2021 and 2023 respectively.

Collaboration

“We are pleased to deepen our collaboration with Shell, leveraging both parties’ competencies and technologies in past Floating Production Systems projects,” explained William Gu, Executive Vice President of Seatrium Oil & Gas (International).

“We look forward to continuing working with Shell to mutually learn and develop best-in-class project management practices to achieve operational efficiency in future floater projects, benefitting both parties,” Gu stated.

Seatrium also said in April 2024 that the its shipyard engineering activities would include more LNG project successes.

The company as secured a series of major contracts with an aggregate value of S$350 million (US$259M), to be completed by the end 2025, reinforcing its reputation as a market leader in vessel repairs, upgrades and conversions.

Seatrium, formerly called Sembcorp Marine Ltd and renamed as Seatrium following its merger with Keppel Offshore & Marine, is moving forward in the sector after big LNG delivery highlights in 2023.

These included the successful delivery in November 2023 of the Greek floating storage and regasification unit, the “FSRU Alexandroupolis”, now deployed offshore northeast Greece as part of a Balkans LNG supply hub. 

Conversions

The backlog of FSRU conversions involves three LNG Carriers (LNGC) being converted to FSRUs for Turkish company Karpowership, with an option for a fourth project.

Seatrium also in November last year handed over the LNG production unit for the BP-led FLNG project offshore Senegal and Mauritania in West Africa and also involving Dallas-based US company Kosmos Energy.

The group’s businesses include oil & gas newbuilds and conversions, offshore renewables, repairs & upgrades, and new energies, to advance the global energy transition from its 60 years of experience in the offshore industry.

Seatrium operates shipyards and engineering and technology centres in 12 countries including Brazil, China, Indonesia, the United Arab Emirates and the UK and the US as well as Singapore.

Seatrium of Singapore, the shipyard engineering company, aims to continue with its liquefied natural gas project successes with a large book of projects to work on through 2025.

Seatrium has secured a series of major contracts with an aggregate value of S$350 million (US$259M), to be completed by the end 2025, reinforcing its reputation as a market leader in vessel repairs, upgrades and conversions.

Seatrium, formerly called Sembcorp Marine Ltd and renamed as Seatrium following its merger with Keppel Offshore & Marine, is moving forward in the sector after big LNG delivery highlights in 2023.

These included the successful delivery in November 2023 of the Greek floating storage and regasification unit, the “FSRU Alexandroupolis”, now deployed offshore northeast Greece as part of a Balkans LNG supply hub.

African FLNG

Seatrium also in November last year handed over the LNG production unit for the BP-led FLNG project offshore Senegal and Mauritania in West Africa and also involving Dallas-based US company Kosmos Energy.

The group said that the diverse range of complex contracts secured by the Seatrium Repairs and Upgrades unit and currently being worked on or being prepared for include upgrades and conversions of FSRUs, life-extension and remediation works for floating production systems as well as repairs to conventional LNG carriers

“We thank our customers for their confidence in Seatrium’s capabilities and for entrusting us with these important projects,” said Alvin Gan, Executive Vice President of Seatrium Repairs and Upgrades.

“With our expertise and extensive track records, we are committed to deliver safe, timely and reliable projects to our customers,” he stated.

The backlog of FSRU conversions involves three LNG Carriers (LNGC) being converted to FSRUs for Turkish company Karpowership, with an option for a fourth project.

“The conversion work involves installing a regasification skid, as well as other supporting systems such as cargo, utility, spread-mooring, offloading, electrical, and automation systems,” Seatrium explained.

This work is scheduled to start in the second quarter of 2024 and involves the vessels “Karmol LNGT Powership Africa”, “Karmol LNGT Powership Asia” and “Karmol LNGT Powership Europe”.

“This work reinforces the group's position as a pioneer and market leader in the highly specialised FSRU conversion market,” Seatrium added.

LNG dry-dockings

A series of LNG carriers will also be dry-docking in Singapore under a “favoured customer contract” with Hyundai LNG Shipping of South Korea

Vessel life extension, upgrade and remediation and maintenance also involves customers like Japan’s MODEC with a Floating Production Storage and Offloading (FPSO) unit, the “Pyrenees Venture”, for Australian LNG operator and oil and gas player Woodside Energy.

“The vessel is expected to be re-deployed back into production off the coast of Western Australia,” Seatrium said.

The Singaporean company has also attracted business for its successful Cruise Ship Refurbishments yard.

“We have vessel retrofits for a series of 10 cruise vessels from our long-term partners, Carnival Corp. and Royal Caribbean Group, in 2024,” Seatrium added.

Seatrium of Singapore, the shipyard engineering company with continuing liquefied natural gas project successes, reported a three-fold increase in annual revenues underpinned by LNG vessel deliveries to Greece and West Africa.