Turkey’s Karpowership has selected Singapore-based shipyard group Seatrium to carry out new powership integrations and LNG carrier conversions as part of an expanding partnership between the two companies.
Under a letter of intent, Seatrium will integrate four new-generation powerships at its Singapore yard, with an option for two more. Karpowership will provide the hulls and main equipment, with work scheduled to begin in the first quarter of 2027.
In a parallel effort, Seatrium will also convert three LNG carriers into floating storage and regasification units (FSRUs).
“This LOI marks a pivotal step in our journey to build a global franchise in floating power infrastructure,” said Alvin Gan, executive vice president of repairs and upgrades at Seatrium.
Karpowership, which owns and operates the world’s largest fleet of floating power plants, is continuing to develop modular third-generation units that can be fitted with carbon capture systems and other advanced tech. It currently operates 50 powerships with a combined capacity of 10,000 MW, along with 11 LNG-related assets, including FSRUs.
Seatrium has previously delivered four FSRU projects for Karpowership, with a fifth due this month and two more in progress.
