Eight years, seven ships: Karpowership and Seatrium complete their FSRU conversion programme

SINGAPORE, September 2026. The last of the seven LNG carriers that Karpowership entrusted to Seatrium's Admiralty Yard has been named and is setting sail: LNGT Türkiye. Its delivery completes a conversion programme the two companies started in 2018.

The idea was simple to state and demanding to carry out. Take ships built to transport liquefied natural gas and turn them into Floating Storage and Regasification Units (FSRUs), vessels that store LNG and return it to gas so it can feed power plants. Seatrium describes the work as the integration of complex cryogenic, marine and gas-handling systems. Seven vessels came out of the yard: LNGT Africa, LNGT Asia, LNGT Europe, LNGT Antarctica, LNGT Americas, LNGT Oceania and now LNGT Türkiye.

"What we built together at Admiralty Yard was never just steel and machinery; it was deep operational trust, forged by our engineers and shipyard teams working side by side," said Ersen Ayanoglu, Assistant General Manager, LNG Investments Global Shipbuilding, at Karpowership.

For Seatrium, the programme is also a reference. Alvin Gan, Executive Vice President, Repairs and Upgrades, said the group has delivered "over 90% of the world's FSU and FSRU conversions", a figure Seatrium puts forward for its own track record.

The end of this chapter is also a matter of geography. Admiralty Yard is scheduled to be returned to the Singapore authorities by 2028, and LNGT Türkiye is the last Karpowership project completed there. The two companies intend to continue their work together at Seatrium's Tuas Boulevard Yard. Meanwhile, conversion work is underway on a new unit, LNGT Karadeniz, engineered for up to 600 million standard cubic feet per day of regasification capacity.

The seven FSRUs will operate alongside Karpowership's fleet of 45 Powerships, floating power plants with a combined installed capacity of more than 8,500 MW, supplying them with feed gas.