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Seatrium renews LNG repair pact with Gaslog and Shell

Photo: Seatrirum GasLog. and STASCO sign partnership with Seatrium
Singapore shipyard group Seatrium has renewed a long-term contract with GasLog LNG Services and Shell International Trading and Shipping Company (STASCO) for the repair and upgrading of their fleet of LNG carriers.

The Favoured Customer Contract between Seatrium and GasLog LNG Services and Shell International Trading and Shipping Company is for a duration of five years between 2024 and 2029 with an option for further renewal.

The contract covers the repairs, refurbishment and upgrading of GasLog LNG and STASCO’s combined fleet of 43 LNG carriers docking in Southeast Asia.

“We have enjoyed many years of partnership to refit the majority of our fleet here and trusted Seatrium in the conversion of our Floating Storage Regasification Unit (FSRU). The recent tender we jointly ran with STASCO indicates that Seatrium remains a competitive shipyard offering high quality

Services,” commented Kostas Karathanos, Chief Operating Officer of GasLog LNG Services.

Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium said, “Partnering with world-class vessel owners increases our market share of LNG repairs and upgrades and enhances our capabilities as a world-class shipyard group. The selection of Seatrium as the LNG refit partner in Singapore is a major boost to Singapore’s status as a major global hub.”

Seatrium recently inked a similar long-term contract for the repair and upgrading of LNG carriers with TMS Cardiff Gas.

Seatrium was launched last year following the merger of Keppel Offshore & Marine and Sembcorp Marine.