Seatrium renews ship repair contract for 43 LNG carriers docked in South-east Asia
Add BT as a preferred source
Vivienne Tay
SEATRIUM has renewed its long-term favoured customer contract with two maritime companies to repair, refurbish and upgrade a combined fleet of 43 liquefied natural gas (LNG) carriers docked in South-east Asia.
The contracts, inked with GasLog LNG Services and Shell International Trading and Shipping Company, will run from 2024 to 2029, Seatrium said on Wednesday (Feb 14).
They were awarded to the group’s wholly owned subsidiary, Seatrium Repairs and Upgrades. It will also support joint planning, information and experience sharing.
The renewals come weeks after Seatrium announced a contract win from Greece’s TMS Cardiff Gas to repair and upgrade LNG carriers. The contract included the refitting of 17 LNG carriers in Singapore.
On Feb 2, Seatrium said both companies will work towards achieving sustainable targets when it comes to quality, health, safety and the environment.
Seatrium’s shares were trading 1.1 per cent or S$0.001 lower at S$0.088 as at 10.03 am on Wednesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
