Seatrium bags $170m in repair and upgrade deals

The latest contracts are mostly major cruise, leisure and naval vessel projects.

Seatrium Limited has secured various repair and upgrade contracts with an aggregate value of $170m.

According to the company, the latest wins are mostly major cruise, leisure and naval vessel projects, many of whom are repeat customers. All works are slated for completion by the first quarter of 2026.

The recent contract wins include a mega yacht upgrade project from the Middle East, as well as major docking and repair works for various cruise ships namely Discovery Princess and Crown Princess from Carnival Corporation, Silver Moon from Royal Caribbean Group, and Le Soleal from Ponant Explorations Group.

Seatrium will also do retrofit works for three navy vessels. Contracts were also secured for offshore repairs and maintenance, including a drillship; pipelayer vessels from McDermott, amongst others; as well as decommissioning works on a FPSO.

Repairs and upgrade works will also be done on three LNG carriers, including solutions to address greenhouse gas emissions, three tankers, a wind turbine installation vessel, and two power station vessels from Karpowership – Karadeniz Powership Mehmet Bey and Karadeniz Powership Fatmagul Sultan.