Seatrium Limited (Seatrium, or the Group) is pleased to announce
that it has secured a series of repairs and upgrades contracts with an aggregate value of
S$180 million from our partners. All projects, with the exception of one, will be completed by
end 2024, further solidifying Seatrium's position as a market leader in vessel repairs, upgrades
and conversions.
Mr Alvin Gan, Executive Vice President of Seatrium Repairs and Upgrades, 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."
The range of complex contracts include major repairs on offshore vessels, naval vessels,
ferries, LNG carriers, tankers, as well as damage repair.
Offshore Vessels
Seatrium has secured a series of four offshore refits, including two jack-ups and two drillships,
from esteemed regular customers, Velesto Energy Berhad, Zonda Drilling AS and Seadrill
Limited. Other contract awards include the repair and maintenance work for a heavy lift pipelay
vessel, Sapura 1200, from Sapura Energy Berhad.
In addition, the Group has been awarded the lifetime upgrade of Sea Challenger, a jack-up
installation vessel from Japan Offshore Marine Company Ltd (JOM), a joint venture between
Penta Ocean Construction and DEME. Fabrication works are ongoing to ready the vessel for
her retrofit in 2025.
Naval Vessels
Seatrium has also secured significant naval works from the Military Sealift Command, USA,
as well as three vessels from Teekay Shipping (Australia), managed under the Australia
Defence Maritime Support Services Program (DMSSP).
Ferries
The Group continues to bolster Singapore’s prominence as a key hub for maritime leisure
vessels, winning a contract for the docking and repairs of Kaitaki, a roll-on/roll-off ferry
operated by Interislander of New Zealand.
Tankers
In the tankers segment, Seatrium was awarded periodic maintenance and upgrades to two
tankers from ConocoPhillips / Polar Tankers Inc., one main engine, duel-fuel ready MAN
Lifecycle Upgrade of a tanker from Alaska Tanker Company LLC, as well as a series of seven
LNG vessels retrofits from its long-term partners.
In addition, it also bagged a contract to conduct major steel renewal work for a collision
damaged vessel which is currently undergoing repairs.
