$350m contracts boost Seatrium's portfolio

The company is set to complete the new contracts by the end of 2025.

Seatrium has secured $350m worth of contracts set for completion by the end of 2025.

These contracts include the conversion of three LNG Carriers (LNGC) into Floating Storage and Regasification Units (FSRU) for Karpowership and the maintenance and upgrade of MODEC’s Floating Production Storage & Offloading system, FPSO Pyrenees Venture.

Seatrium also secured a series of 10 cruise vessels from long-term partners Carnival Corporation and Royal Caribbean Group for vessel retrofits in 2024. These include six and four cruise ships from Carnival Corporation and Royal Caribbean Group, respectively.

Seatrium will also perform remediation work for Chevron, repair works for Japan Drilling’s semi-submersible drilling rig, Hakuryu 5, a series of LNGCs dry docking under the FFC with Hyundai LNG Shipping, and a series of naval work for 2024.