Seatrium lands deals worth over USD 133 million

Singapore-listed Seatrium Limited, formed in 2023 from the merger between Sembcorp Marine and Keppel Offshore & Marine, announced mid-year that it had won repair and upgrade contracts worth SGD 180 million (USD 133.2 million). All but one of the deals is due for completion over the balance of this year and include work to vessels including offshore units, naval ship, ferries, LNG carriers, and tankers.

Among the projects are two jack-ups and two drillships belonging to regular customers Velesto Energy Berhad, Zonda Drilling AS, and Seadrill Limited. Repairs are due to be carried out on the heavy-lift pipelay ship, Sapura 1200, belonging to Sapura Energy Berhad. Seatrium has also won an upgrade contract for the Sea Challenger, a jack-up installation ship owned by Japan Offshore Marine Company Ltd.

The deals also include retrofits on seven LNG tankers from existing customers, and upgrades to two tankers from Conoco Phillips / Polar Tankers Inc. A main engine, dual-fuel ready MAN Lifecycle Upgrade will also be undertaken on an Alaska Tanker Company LLC vessel.

Other deals include repairs to the Kaitaki, a RoRo ferry operated by New Zealand’s Interislander, collision repairs to an unnamed ship, and repairs on naval vessels for the US Military Sealift Command and Teekay Shipping (Australia) on behalf of the Australian Navy.

Speaking during the fourth week of July, Seatrium Repairs and Upgrades’ EVP, Alvin Gan, said: “We sincerely thank our trusted partners for their continued support in Seatrium’s capabilities and entrusting us with these significant projects. Each project requires experienced project management, engineering expertise, and rigorous adherence to Health, Safety, Security, and Environment (HSSE) standards. With our proven track record and commitment, we are dedicated to delivering quality projects that are safe, timely, and reliable."