LNG

Seatrium of Singapore, a leading global company in repairing, upgrading or refitting LNG carriers, has signed a favoured customer contract with the Angelicoussis Group, the largest shipping line in Greece and one of the world’s largest privately-owned fleets with 141 ships operating under Maran Gas, Maran Tankers and Maran Dry.

QatarEnergy, the leading LNG exporter, is moving forward with another overseas oil and natural gas joint venture in the prolific pre-salt Santos Basin offshore Brazil.

Seatrium of Singapore, a leading global company in repairing, upgrading or refitting LNG carriers, has signed a favoured customer contract with a South Korean shipping company.

Hyundai Marine Solution Co., the South Korean ship services provider, has been awarded an order for re-liquefaction upgrades on some of the LNG carriers operated by the shipping unit of Chevron Corp.

Seatrium of Singapore has renewed a long-term favoured customer contract with the liquefied natural gas fleets of Greek shipping line GasLog and for the LNG carriers operated by UK-based major Shell.

Seatrium said the accords with Gaslog and Shell International Trading and Shipping Co. (STASCO) provide for ship repairs, refurbishment and upgrading of LNG vessels from 2024 to 2029 with an option for a further renewal.

“This contract marks a collaborative partnership between Seatrium and these two leading maritime companies with whom the Group has established a long history of collaboration,” said a statement from Seatrium.

The Singaporean Seatrium Group was formerly called Sembcorp Marine Ltd and renamed as Seatrium following its merger with Keppel Offshore & Marine.

“The GasLog and Shell contracts involve the repairs, refurbishment and upgrading of a combined fleet of 43 LNG carriers docking at Seatrium Repairs and Upgrades, a wholly-owned subsidiary of Seatrium,” noted the shipyards company.

Joint planning

“It also supports joint planning, information and experience sharing and leveraging complementary resources of the Group to achieve sustainable targets in health and safety and environmental quality, cost efficiency and timely deliveries,” the group added.

Kostas Karathanos, Chief Operating Officer of GasLog LNG Services, said that he was pleased with the contract renewal.

“We are delighted to renew our favoured customer agreement for another five years,” explained Karathanos.

“We have enjoyed many years of partnership to refit the majority of our fleet here and trusted Seatrium in the conversion of our floating storage regasification unit (FSRU),” Karathanos added in reference to the FSRU deployed off Alexandroupolis in northeast Greece.

Tender

“The recent tender we jointly ran with STASCO indicates that Seatrium remains a competitive shipyard offering high quality services,” the GasLog COO stated.

“This aligns with our strategic direction of optimising costs and leveraging our competitiveness,” said Karathanos. 

Alvin Gan, Executive Vice President for Repairs and Upgrades at Seatrium, said the accord with STASCO and GasLog enhanced the status of the shipyard group.

“The selection of Seatrium as the LNG refit partner in Singapore is a major boost to Singapore’s status as a major global hub,” the Seatrium executive said.

Seatrium is the world’s leader for LNG upgrades and the conversion of LNG carriers, holding an extensive track record of 11 FSRU conversions since 2007.

FSRU conversions are highly complex processes that involve extensive modifications to the vessel’s structure, systems and equipment.

Feb 2 (LNGJ) - Seatrium of Singapore, a leader in LNG project and ship conversions as well as platforms for conventional oil and gas ventures, has secured a favoured customer contract (FCC) with Greece-based TMS Cardiff Gas for the repairs and upgrades of its fleet of 17 LNG carriers.

   The contract includes the refit of the vessels in Singapore. The two companies said they would jointly work towards achieving project targets like cost efficiency and timely deliveries. “The selection of Seatrium as our partner in Singapore aligns with our strategy to grow our LNG business in Asia,” said Alexandros Politis-Kalenteris, Deputy Chief Operating Officer of TMS Cardiff. “Moreover, Seatrium boasts a very strong track record in the specialised field of LNG carrier repairs and upgrades,” he added.

Dec 22 (LNGJ) - Seatrium of Singapore has successfully delivered a floating storage and regasification unit (FSRU), the “Energos Celsius”, to New York-based LNG project developer New Fortress Energy (NFE). “The FSRU was completed safely, on time and within budget and has departed the Seatrium shipyard for Brazil. It will subsequently be deployed at NFE’s completed LNG terminal in Barcarena in Brazil’s Pará state,” said Seatrium, formerly called Sembcorp Marine Ltd and renamed as Seatrium following its merger with Keppel Offshore & Marine.

   The “Energos Celsius” is owned by Energos Infrastructure, a global marine infrastructure platform backed by the US Apollo fund management firm and NFE. The vessel is on long-term charter to NFE in Brazil. “We are proud to successfully deliver the FSRU to New Fortress Energy and look forward to partnering with them on more projects,” said Marlin Khiew, Executive Vice President for Oil & Gas (Americas) at Seatrium. “This project marks Seatrium’s fourth FSRU project for Brazil and it demonstrates our commitment and reliability in supporting the development and growth of the country’s oil and gas industry,” Khiew added.

Seatrium Group of Singapore, formerly called Sembcorp Marine Ltd and renamed as Seatrium following its merger with Keppel Offshore & Marine, has successfully delivered the converted floating LNG production vessel for the BP-led FLNG project offshore Mauritania and Senegal.