Seatrium signs ship repair deal with Greek shipping major

Singapore’s shipbuilding group has secured a two-year contract with Angelicoussis Group, the largest shipping group in Greece, which includes the refit of ten to fifteen vessels per year, comprising liquified natural gas (LNG) carriers, tankers, and bulk carriers.

As informed, the partnership will involve close cooperation in joint planning, information exchange, and experience sharing with the Angelicoussis Group.

Together, both companies will strive to achieve sustainable targets in quality, health, safety and environment (QHSE), Seatrium noted.

The “favoured customer contract”, signed this week in Greece, includes an option to renew for a further twelve months.

Angelicoussis Group has one of the world’s largest privately-owned fleets with 141 ships operating under Maran Gas, Maran Tankers, and Maran Dry.

“This strategic partnership marks a significant milestone for us. Seatrium was selected to be our partner as they have demonstrated a strong track record, and delivered over 70 successful retrofits including, 20 of our LNG carriers and a series of scrubber installations for our tanker fleet since 2012, demonstrating dedication and commitment to resolving challenges as a team,” Andreas Spertos, Executive Vice President and Technical Director of Maran Gas, said.

“We are confident that this partnership will be the blueprint for a successful long-term fleet retrofitting programme, thereby enhancing our operational efficiency and instilling the highest standards of quality, safety, and environmental sustainability in the maintenance of our fleet of LNG carriers, bulk carriers and tankers.”

“We are honoured to be selected as a partner by Angelicoussis Group, the largest shipping group owned by Greek interests and renowned for its status as one of the world’s largest privately-owned fleets,” Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, stated.

“With the global focus on maritime decarbonisation, Seatrium is well-positioned to provide our esteemed customers with a broad range of low-carbon,cleaner energy solutions and energy-saving retrofits to support a sustainable future.”

Recently, the Singapore-based company was hired by Korean liquefied natural gas (LNG) player Hyundai LNG Shipping for repairs and upgrades of LNG carriers in its fleet. The deal includes responsibilities in joint planning, information, and experience sharing.

In February this year, Seatrium secured a carbon capture and storage (CCS) retrofit contract from Norwegian shipowner Solvang ASA. The initiative involves retrofitting of a 7MW Wärtsilä CCS system onto Solvang’s ethylene carrier Clipper Eris. The system is expected to capture an impressive 70% of CO2 emissions from the main engine by using amine cleaning technology.