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Singapore's Seatrium selling Texas shipyard to Turkey's Karpowership for $51 million
M & A Critique
|October 2025
Singapore-based Seatrium Limited said it has a deal to sell its "surplus" AmFELS Yard shipbuilding facility in Texas for $50.67 million to an affiliate of Karpowership.
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AmFELS Yard, located in the Port of Brownsville, builds oil and gas platforms, as well as vessels that serve the energy industry. It is Seatrium's only U.S. shipyard and will be the first for Karpowership, which operates the world's largest fleet of floating power plants known as powerships and is a subsidiary of Turkey's Karadeniz Holdings.
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