Singapore’s Seatrium has renewed its long-term favored customer contract with units of Greece’s LNG shipping firm GasLog and UK-based LNG giant Shell.
Under the deal with GasLog LNG Services and Shell International Trading and Shipping Company (STASCO), Seatrium will provide ship repairs, refurbishment, and upgrading for their LNG carriers from 2024 to 2029, with an option for further renewal.
Seatrium said the contract includes the two entities’ combined fleet of 43 LNG carriers docking in South East Asia to Seatrium Repairs and Upgrades, a wholly-owned subsidiary of the group.
It also supports joint planning, information and experience sharing, leveraging complementary resources of the group to achieve sustainable targets in HSE (health, safety and environment), quality, cost efficiency, and timely deliveries.
The group, previously known as Sembcorp Marine and renamed as Seatrium following its merger with Keppel Offshore & Marine, did not provide the price of the contract.
“We have enjoyed many years of partnership to refit the majority of our fleet here and trusted Seatrium in the conversion of our floating storage and regasification unit (FSRU),” Kostas Karathanos, chief operating officer of GasLog LNG Services, said.
“The recent tender we jointly ran with STASCO indicates that Seatrium remains a competitive shipyard offering high quality services,” he said.
Seatrium holds an extensive track record of 11 FSRU conversions since 2007.
In addition, Seatrium converted the world’s first FLNG, Golar Hili, in 2017.