Seatrium Completes Sale of AMFELS Yard in Texas to Karpowership for S$65M
NATURAL GAS
Seatrium has completed the sale of its AMFELS Yard in Brownsville, Texas, to Karpower Valley, LLC, for S$65 million (US$50 million), with the agreement initially established in September 2025. Despite this divestment, Seatrium will maintain its presence in the US market through its operations in Houston and Vicksburg, while the sale includes a deferred cash consideration of S$50 million (US$39 million) for one year post-closure. The yard's recent projects included the delivery of a US-flag wind turbine installation vessel and Karpowership's Karadeniz LNGTS Americas, paving the way for future collaboration.

Feb 4, 2026, 6:19 AM