Seatrium Limited (Seatrium, or the Group) is pleased to announce that it has secured multiple contracts for repairs and upgrades, with a total value of S$100 million from various long-standing partners and regular customers. These projects will set to be completed by Q12025, further strengthening 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 would
like to express our heartfelt gratitude to our trusted partners for their ongoing support and
confidence in Seatrium’s capabilities. Each project we undertake requires experienced project
management, engineering expertise, and strict adherence to Health, Safety, Security, and
Environment (HSSE) standards. With our proven track record and unwavering commitment,
we are dedicated to delivering high quality projects that are safe, timely, and reliable."
The contracts encompass a range of complex projects, including Carbon Capture and Storage
(CCS) retrofits, major repairs on yachts, cruise ships, LNG carriers, offshore vessels, tankers,
as well as damage repairs.
Carbon Capture & Storage Retrofits (CCS)
Year to date, Seatrium has secured two CCS retrofit projects. Announced earlier this year, the
first project is for Solvang ASA, Norway, a long-term Favoured Customer Contract (FCC)
partner, involving retrofitting Solvang’s ethylene carrier, Clipper Eris which is scheduled for
November 2024. The second CCS retrofit is for MOL’s Nexus Victoria, scheduled to
commence in December 2024.
With a strong focus on maritime decarbonisation, Seatrium is well-positioned to provide
customers with a range of low-carbon and cleaner energy solutions to support a sustainable
future in the maritime industry.
Yacht and Cruise Repairs
Seatrium continues to bolster Singapore’s prominence as a premier hub for the upgrades and
retrofits of maritime vessels. The Group has also secured a mega yacht retrofit project from
the Middle East, in addition to the docking and repairs of Paspaley Pearl from Paspaley
Pearling Company Pty Ltd and Le Jacques Cartier from Compagnie du Ponant.
Offshore Refits
Seatrium has secured contracts for three offshore refits, including one jack-up rig from COSL
Protector Pte Ltd and one pipelay vessel from McDermot
Tankers
Seatrium is conducting scheduled maintenance on two tankers including one tanker from
Crowley Alaska Tanker. Additionally, it has obtained a significant contract for steel renewal
works on a vessel that was damaged in a collision and is currently under repair.
LNG Carriers and Other Projects
Seatrium is also undertaking repairs on five vessels, which include two LPG carriers, three
container ships, and one roll-on/roll-off (roro) carrier. In addition, it has secured repair
contracts for three LNG carriers and steelwork for a floating dock.
Seatrium is well-positioned to lead the way with innovative solutions, setting new standards in
service excellence and positioning Singapore firmly at the forefront of the maritime sector.
Leveraging strong collaboration with our partners, we are confident of our ability to
successfully execute complex repairs and upgrades projects, contributing to enhanced vessel
performance and a sustainable maritime future.
