Singapore-based Seatrium Restricted stated it was awarded a floating storage and regasification unit (FSRU) conversion contract by Kinetics, an power transition intiative by Turkish cellular energy era agency Karpowership.
The mission entails the conversion of a liquefied pure fuel (LNG) service into an FSRU named LNGT Turkiye, Seatrium stated in a information launch.
The scope of labor contains the set up of a regasification module, a spread-mooring system, and integration of key supporting programs corresponding to cargo dealing with, offloading, utility, electrical, and automation programs. The mission is scheduled to start within the third quarter, based on the discharge.
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Monetary phrases of the contract weren’t disclosed.
The contract follows Kinetics’ affirmation of the choice for a fourth FSRU conversion mission with Seatrium introduced in April 2024, in addition to the award of three LNG service conversions into FSRUs for the corporate, with an choice for a fourth mission, Seatrium stated.
Seatrium Government Vice President for Repairs and Upgrades Alvin Gan stated, “We actually recognize the belief from Kinetics in awarding us this vital seventh FSRU mission. This contract is a testomony to the profitable strategic partnership between our firms, that features 4 tasks delivered so far: Karmol LNGT Powership Africa, Asia, Europe, and most not too long ago, Antarctica. Presently, two extra FSRU conversion tasks for Kinetics are in progress at our yard, with deliveries scheduled later this yr and within the first quarter of 2026”.
“These tasks underscore Seatrium’s unwavering dedication to excellence, innovation, and buyer satisfaction, additional cementing our place as a pioneer and market chief within the specialised FSRU conversion sector,” Gan added.
Kinetics CEO Mehmet Katmer stated, “We’re happy to strengthen our glorious partnership with Seatrium as we broaden our FSRU fleet to satisfy the very best business requirements. Seatrium’s confirmed observe file, engineering experience, and technical capabilities make them a useful associate in supporting our mission to ship dependable and sustainable power options worldwide. This closing contract represents a major milestone in Kinetics’ ambition to guide the worldwide FSRU market within the coming years”.
Seatrium stated it has a observe file of 21 profitable FSRU/FSU conversion tasks since 2007.
Karpowership is a Turkish power firm that focuses on offering quick, versatile, and cellular electrical energy options by way of its fleet of Powerships, that are floating energy crops mounted on ships or barges. The corporate has 40 Powerships and over 7,000 megawatts of put in capability, based on the corporate’s web site.
Kinetics describes itself as specializing in “cleaner, versatile power programs” by way of the event and supply of floating LNG property and renewable power platforms, together with battery power storage programs (BESS).
CCS Retrofit Mission for Solvang
Final month, Seatrium stated it signed a letter of intent (LOI) with Norway’s Solvang ASA for the set up and retrofitting of full-scale carbon seize and storage (CCS) programs.
A brand new mission for full-scale CCS retrofitting is deliberate for Solvang’s new collection of Very Massive Fuel Carriers (VLGCs), with the beginning date projected in late 2026, based on an earlier assertion.
The 2 firms in February had beforehand labored collectively on the Clipper Eris turnkey retrofit mission, the place Seatrium supplied engineering, procurement, and building (EPC) options for the CCS bundle,
Gan stated, “This partnership demonstrates our dedication to advance sustainable options within the maritime decarbonization journey. Constructing on the success of the pioneer mission collectively on Clipper Eris, we’re honored by Solvang’s belief in Seatrium to take the following step of their essential CCS program. This outstanding step will deepen our resolve as strategic companions in supporting maritime decarbonization efforts”.
Solvang Fleet Director Tor Ask stated, “We’re happy to increase our profitable partnership with Seatrium by way of this CCS initiative for our new buildings. Seatrium’s confirmed capabilities, demonstrated by the Clipper Eris retrofit, give us full confidence that this collaboration will deliver large worth. Each organizations are aligned in delivering greener, energy-efficient maritime options for a lower-carbon future”.
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