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Seatrium sells AmFELS yard in Texas to Karpowership affiliate in $65 million deal

Seatrium Limited has announced the sale of its AmFELS Yard in Brownsville, Texas, to Karpower Valley LLC, an affiliate of Karpowership, for S$65 million. The divestment, executed through subsidiary Seatrium AmFELS, Inc., is part of the company’s strategy to streamline operations, boost capital efficiency, and unlock value from surplus assets.