Seatrium, Karpowership Sign MoU for Singapore Floating Power JV
Singapore – October 28, 2026 -- Seatrium Limited and Karpowership signed a Memorandum of Understanding to pursue a joint venture for floating power and digital infrastructure in Singapore, with possible expansion across Southeast Asia. The agreement was announced at Singapore International Energy Week 2026 and witnessed by Dr. Tan See Leng, Singapore's Minister for Energy, Trade and Industry (Energy and Industry).
Joint venture would cover development, financing, engineering and operations
The partners plan an integrated platform spanning infrastructure development, financing, engineering, construction and operations. Seatrium contributes offshore engineering, procurement, construction and systems integration. Karpowership contributes experience in developing, financing, owning and operating floating power and digital infrastructure, including behind-the-meter power for super intelligence.