Seatrium wins eighth Karpowership FSRU conversion contract

The project starts in the third quarter of 2026.

Seatrium Limited has won an eighth floating storage regasification unit conversion contract from Karpowership, with work due to start in the third quarter of 2026.

The group said the LNG carrier-to-FSRU conversion is for LNGT Karadeniz, which it described as Karpowership’s first high-capacity FSRU with regasification capacity of up to 600 million standard cubic feet per day.

It said the scope includes installing a regasification module and spread-mooring system, plus integrating cargo handling, LNG offloading, utilities, electrical distribution, and automation and control systems.

The award progresses an earlier letter of intent signed in August 2025 covering three LNG carrier conversions into FSRUs, as well as integration of four new-generation Powerships with an option for two additional units, Seatrium said.

The firm also said it has completed and delivered the FSRU LNGT Powership Oceania to Karpowership, and its track record now stands at 23 FSRU and FSU conversion projects delivered.

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia