Seatrium wins LNG carrier contracts from BP, Seapeak

Singapore’s Seatrium has secured LNG carrier upgrade and repair contracts from Seapeak and BP’s shipping unit.

The group, previously known as Sembcorp Marine and renamed as Seatrium following its
merger with Keppel Offshore & Marine, revealed this in its third-quarter results report issued last week.

Seatrium said it continues to actively build on its net order book of S$17.7 billion ($13 billion), including new contract wins of S$4.3 billion secured in the year, with 33 projects under execution till 2030.

The group said that notable repairs and upgrades contracts in the third contract include the reliquefaction retrofit of LNG carrier Seapeak Magellan from Seapeak UK, jack-up rig Tasha from PT Apexindo, and three LNG carriers from BP Shipping.

Seatrium did not provide further information regarding the contracts.

The 2009-built 165,500-cbm, Seapeak Magellan, is owned 52 percent by Seapeak, previously known as Teekay LNG Partners, and 48 percent by Japan’s Marubeni.

According to Seatrium, it has completed repairs and upgrades for 73 vessels in third quarter, including 24 LNG carriers.

The group expects to deliver one FLNG conversion (Gimi FLNG) to Golar LNG by the end of this year.

Seatrium also aims to deliver two FSRU conversions and one LNG bunkering vessel this year.

One FSRU is for New Fortress Energy and one for GasLog, while the bunkering vessel is for Japan’s MOL.

Seatrium also said it plans to deliver the second Pluto LNG train to Bechtel in 2024.

In addition, the group said that it has one FLNG conversion planned for delivery to Golar in 2025 and one FLNG facilities conversion planned for delivery to NFE during the same year.

LNG Prime contacted Seatrium to provide additional information regarding this new FLNG conversion contract with Golar.

Golar is in talks with several countries in Africa for new FLNG projects and earlier this year it has exercised its option to acquire the 148,000-cbm Moss-type carrier, Fuji LNG, which it aims to convert to a floating LNG producer.

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