Turkey’s Karpower snaps up US shipyard: Karpower Valley — a subsidiary of floating power plant operator Karpowership — has acquired the US-based AmFels Yard shipbuilding facility from Singapore’s Seatrium, according to a statement (pdf). The transaction — valued at SGD 65 mn (c. USD 50.6 mn) — is between Karpower Valley and the Singaporean firm’s affiliate, Seatrium AmFels, marking the Turkish player’s first such facility in the US, Reuters reports.

On the shipyard: The AmFels Yard is located in Texas’ Port of Brownsville on the Gulf of Mexico. It constructs offshore oil and gas platforms and manufactures vessels to support the energy sector. Last week, the facility delivered a USD 750 mn offshore wind turbine installation vessel — the first US-built ship of its kind, according to the newswire. Seatrium has said it will finalize all ongoing projects at the AmFels Yard by the end of 2025 to ensure a seamless transition for customers and partners.

Karpowership + Seatrium have a history: Last month, Seatrium announced it will outfit four of Karpowership’s vessels in a Singapore-based shipyard and carry out integrating them. It will also convert three older LNG carriers into FSRUs, as per a statement (pdf).

Karpowership’s latest moves in the region: Karpowership subsidiary BKPS plugged in its 300 MW powership — docked at Khor Al Zubair Port — into the Iraqi power grid last week, and a second ship — with a 290 MW capacity — is expected to dock at Umm Qasr Port.

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