Seatrium sells its sole U.S. shipyard to Turkey's Karpowership for $50 million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2025
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Source: SeekingAlpha
Seatrium's Strategic Move: Seatrium has sold its U.S. shipbuilding facility in Texas for S$65 million to Karpowership, a decision analysts view positively due to ongoing labor shortages and cost challenges.
Future Plans and Financial Impact: The company aims to focus on engineering innovation and technology, with plans to deliver two legacy projects by the end of 2025, potentially reducing operating expenses by S$20 million next year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
