Seatrium, on July 3, announced that it has been awarded a floating storage regasification unit (FSRU) conversion contract from Kinetics. Kinetics is an energy transition initiative by Turkish global floating power leader Karpowership.
The contract win comes after Kinetics confirmed the option of a fourth FSRU conversion project with Seatrium in April.
The project, which is slated to begin in 3Q2025, involves the conversion of a liquefied natural gas (LNG) carrier into an FSRU named LNGT Turkiye. The work includes the installation of a regasification module, a spread-mooring system, and integration of key supporting systems such as cargo handling, offloading, utility, electrical, and automation systems.
“We truly appreciate the trust from Kinetics in awarding us this important seventh FSRU project,” says Alvin Gan, executive vice president, repairs and upgrades at Seatrium.
“Presently, two more FSRU conversion projects for Kinetics are in progress at our yard, with deliveries scheduled later this year and in the first quarter of 2026,” he adds.
“We are pleased to strengthen our excellent partnership with Seatrium as we expand our FSRU fleet to meet the highest industry standards,” says Mehmet Katmer, CEO of Kinetics.
Shares in Seatrium closed at $2.05 on July 2.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。