Seatrium bags $100m contracts for vessel repairs and upgrades

The contracts include a a Carbon Capture and Storage (CCS) retrofit.

Seatrium has secured contracts worth $100m for various repairs and upgrades.

The contracts include a Carbon Capture and Storage (CCS) retrofit for MOL’s Nexus Victoria, which will begin in December 2024.

The company has also been awarded contracts to repair the yacht Paspaley Pearl from Paspaley Pearling Company Pty Ltd and the cruise ship Le Jacques Cartier from Compagnie du Ponant.

In addition, Seatrium has signed contracts for three offshore refits, including a jack-up rig from COSL Protector and a pipelay vessel from McDermott.

They will also carry out maintenance on a tanker from Crowley Alaska.

Seatrium will also handle repairs on five vessels, including two LPG carriers, three container ships, and a roll-on/roll-off (ro-ro) carrier.

The company aims to complete all these projects by Q1 2025.