Seatrium Wins Ninth Karpowership FSRU Conversion

Karpowership affiliate Kinetics Energies will convert a 20-year-old LNG carrier into a floating storage and regasification unit at Seatrium's Singapore yard, extending a conversion programme that has produced seven units since 2018. Seatrium has secured a ninth conversion from Karpowership, with work on the eighth unit already scheduled to begin in early 2027. The new vessel is the former Arctic Voyager, a 2006-built LNG carrier recently acquired and renamed LNGT Akdeniz.

 

Details of the Award

 

Seatrium has secured a new conversion. It covers an LNG carrier. This will become an FSRU. The work is at its Singapore yard. The client is a Karpowership affiliate.

The award extends a programme. It is the ninth such conversion. The eighth is already scheduled. That begins in early 2027. This reflects a sustained programme.

 

The Vessel

 

The vessel has a defined history. It is the former Arctic Voyager. It is a 2006-built LNG carrier. Kinetics Energies acquired it. This was for 28.5 million dollars in August.

The vessel has been renamed. It is now LNGT Akdeniz. It was previously owned elsewhere. It joins the conversion pipeline. It will become an FSRU.

 

The Conversion Scope

 

Seatrium's scope is comprehensive. It covers engineering and conversion. Integration is also included. Installation and commissioning feature too. This covers regasification equipment and systems.

The converted vessel will have notable capabilities. It will have substantial storage capacity. This is around 143,000 cubic metres. It is designed for high regasification flow. Delivery is planned for late 2028.

 

Read More: Adani's Ocean Sparkle Welcomes New ASD Harbour Tug

 

The Partnership

 

The award builds on a partnership. Seatrium has converted seven vessels. This was for Karpowership. It dates from 2018. It reflects a long relationship.

The partnership continues to grow. A recent conversion is already underway. The award stems from a 2025 letter of intent. This covered three conversions. It also included potential Powership integration.

 

The Programme Context

 

The programme has produced many units. Seven have been converted previously. These carry various names. The latest was completed in September. This reflects steady output.

The programme involves complex work. It covers cryogenic systems. Marine systems are also included. Gas-handling integration features too. This reflects the technical demands.

 

Significance of the Award

 

The award strengthens the partnership. It is the ninth conversion. It deepens the Karpowership relationship. It reflects confidence in Seatrium. This supports its conversion business.

The award reflects growing FSRU demand. Floating regasification is increasingly important. It brings gas to market flexibly. Kinetics will have 12 LNG assets after this. This demonstrates the programme's scale.