With the completion of a multimillion-dollar sale deal, Seatrium AmFELS, a subsidiary of Singapore’s Seatrium, has handed over a shipyard in Texas to Karpower Valley, a related party of Türkiye’s floating power plant company Karpowership, to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities.
Seatrium yard; Source: Seatrium
Seatrium has completed the divestment, initially disclosed in September 2025, of its AmFELS Yard located at Brownsville, Texas, in the United States. The company explains that all projects carried out at the yard have been completed and delivered prior to completion. The Singapore-based player previously said Karpowership would get its hands on the U.S. yard for a consideration
