What's Happening?
Seatrium has won a series of contracts valued at approximately S$170 million ($131 million) for repair and upgrade projects across cruise, naval, and offshore sectors. The contracts include upgrades for mega yachts, cruise ships, and naval vessels, as well
as offshore repairs for drillships and pipelayer vessels. The projects are expected to be completed by the first quarter of 2026. Seatrium's expertise in high-quality workmanship and engineering has made it a preferred partner for global cruise operators and naval entities.
Why It's Important?
These contracts reinforce Seatrium's position as a leading hub for maritime upgrades and repairs, contributing to Singapore's reputation in the global maritime industry. The projects will enhance the operational capabilities of various vessels, supporting the cruise and naval sectors' growth. Additionally, the focus on reducing greenhouse gas emissions in LNG carrier upgrades aligns with global environmental goals, highlighting Seatrium's commitment to sustainable practices.
