Seatrium secures another FSRU conversion
Seatrium delivered the fourth FSRU Karmol LNGT Powership Antarctica for Kinetics (Source: Seatrium)
A new subsidiary of Turkey-based Karpowership, Kinetics, has confirmed an option for a fourth FSRU conversion to be carried out at Seatrium in Singapore. The project is an option attached to a three-conversion FSRU contract awarded by Karpowership. The Istanbul-based company operates a portfolio of power ships and land-based power plants and the latest deal brings the total number of company contracts at Seatrium to seven.
The conversion, due to begin during the third quarter of this year, involves the conversion of an LNG carrier into an FSRU to be named LNGT Turkiye. The project will involve the installation of a regasification module, a spread-mooring system, and integration of other plants, including cargo handling, offloading, utility, electrical and automation systems.
Seatrium executive vice president Repairs and Upgrades, Alvin Gan, commented: “We truly appreciate the trust from Kinetics in awarding us this important seventh FSRU project. This contract is a testament to the successful strategic partnership between our companies that includes four projects delivered to date: Karmol LNGT Powership Africa, Asia, Europe, and most recently, Antarctica.
“Presently, two more FSRU conversion projects for Kinetics are in progress at our yard,” Gan continued, “with deliveries scheduled later this year and in the first quarter of 2026. These projects underscore Seatrium’s unwavering commitment to excellence, innovation, and customer satisfaction, further cementing our position as a pioneer and market leader in the specialised FSRU conversion sector.”
The Singapore yard has completed 21 FSRU/FSU conversion projects since 2007.
