LOS ANGELES, Sept 23 (Reuters) - Singapore-based

Seatrium Limited said on Tuesday it has a deal to sell

its "surplus" AmFELS Yard shipbuilding facility in Texas for

$50.67 million to an affiliate of Karpowership.

AmFELS Yard, located in the Port of Brownsville, builds oil and

gas platforms, as well as vessels that serve the energy

industry. It is Seatrium's only U.S. shipyard and will be the

first for Karpowership, which operates the world's largest fleet

of floating power plants known as powerships and is a subsidiary

of Turkey's Karadeniz Holdings.

The shipyard last week delivered the 472-foot (143.87-meter)

Charybdis, the first U.S.-built wind turbine installation vessel

commissioned by Dominion Energy ( D ), to its home in Virginia.

Construction of that vessel took five years and cost an

estimated $715 million, according to a Dominion regulatory

disclosure.

The AmFELS Yard sale comes as U.S. President Donald Trump pushes

for a domestic shipbuilding revival, and as he seeks to block

wind power projects.

Seatrium said the S$65 million sale will be accretive. The

transaction is between Seatrium AmFELS and Karpower Valley, a

related party of Karpowership.

Seatrium formed after the merger of Singapore shipyard

groups Sembcorp Marine and Keppel Offshore & Marine in 2023.

Keppel took full control of AmFELS in 1992.

Reuters was not immediately able to reach the parties to the

sale.

The completion of the divestment is subject to customary

closing conditions, including the transfer of the lease to the

new owner by the Port of Brownsville.

Seatrium in a statement committed to completing all ongoing

projects at AmFELS Yard by the end of 2025 to ensure a smooth

transition for customers and partners.

Divesting the "surplus facilities" will allow Seatrium to

enhance its capital and operational efficiencies, the company

said.

"We have a strong and longstanding relationship with

Karpowership, and are pleased to entrust the yard to a partner

with whom we will continue to deepen our collaboration,"

Seatrium CEO Chris Ong said.

After the deal closes, Seatrium will transition its

strategic presence in the U.S. to focus on engineering

innovation and technology capabilities.

($1 = 1.28 Singapore dollars)