Seatrium bags repair and upgrade contracts worth $180m

All projects, except for one, will be completed by the end of the year.

Seatrium has secured a series of repairs and upgrade contracts with a total value of $180m.

The contracts include major repairs on offshore vessels, naval vessels, ferries, LNG carriers, and tankers, as well as damage repair. All projects, except one, will be completed by the end of 2024.

Seatrium has secured four offshore refits, including two jack-ups and two drillships, from Velesto Energy Berhad, Zonda Drilling AS, and Seadrill Limited. It also won a contract for the repair and maintenance of the heavy lift pipelay vessel Sapura 1200 from Sapura Energy Berhad.

Seatrium was awarded the lifetime upgrade of Sea Challenger, a jack-up vessel from Japan Offshore Marine Company Ltd (JOM), a joint venture between Penta Ocean Construction and DEME. Fabrication is underway for the vessel's retrofit in 2025.

In addition, the company also won contracts for naval works from the Military Sealift Command, USA; three vessels from Teekay Shipping (Australia); and the docking and repairs of Kaitaki, a roll-on/roll-off ferry operated by Interislander of New Zealand.

In the tankers segment, Seatrium was awarded periodic maintenance and upgrades for two tankers from ConocoPhillips/Polar Tankers Inc., a MAN lifecycle upgrade for a tanker from Alaska Tanker Company LLC, and seven LNG vessel retrofits from its long-term partners.

Seatrium also bagged a contract for major steel renewal on a collision-damaged vessel that is currently undergoing repairs.

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