https://splash247.com/angelicoussis-selects-singaporean-yard-for-major-retrofit-programme/
Singapore's leading shipyard, Seatrium, has secured a preferred customer contract with Greece's largest shipowner, the Angelicoussis Group. The agreement spans two years, with an option for a one-year renewal, and includes the refit of 10 to 15 vessels per year, comprising LNG carriers, tankers, and bulk carriers.Seatrium and Angelicoussis have a robust partnership, having completed over 70 retrofits since 2012. This new contract reinforces their longstanding relationship and highlights Seatrium’s capacity to meet the rigorous demands of major shipowners.
In recent months, prominent shipowners globally have been securing space at ship repair yards in anticipation of a surge in demand for retrofits. This trend is driven by newly enacted global green shipping targets. The American Bureau of Shipping (ABS) forecasts that current global repair yard capacity will suffice until 2027. However, the demand for retrofits is expected to continue growing through 2035, necessitating additional repair yard capacity for fuel conversions.
