Seatrium completes divestment of Karimun shipyard
Monday, March 9 2026 - 09:25 PM WIB
By Romel S. Gurky
Singapore firm Seatrium Limited said it has completed the sale of its Karimun shipyard in Indonesia as part of a broader program to divest non core assets and streamline operations.
The divestment of the yard located on Karimun Island, Riau Archipelago was finalized on March 9, following an earlier agreement announced in February, the company said in a statement.
The facility was sold for S$22 million through Seatrium’s subsidiary PT Karimun Sembawang Shipyard to PT Tirta Segar Alami, a related party of the Salim Group, under a binding agreement signed on Dec. 31, 2025.
Read also: Seatrium sells Karimun shipyard as part of non core asset divestment drive
Seatrium said the divestment is part of efforts to improve capital and operational efficiency and unlock value from surplus facilities whose activity had declined in recent years.
The Karimun yard occupies about 30 hectares in Teluk Paku on Karimun Island, roughly 40 km from Singapore. The facility provides ship repair, steel fabrication, tank cleaning and work vessel construction services and has deep water access suitable for large vessels.
Operational activities previously carried out at the Karimun yard have been transferred to other facilities, with Seatrium consolidating its Indonesian operations at its larger yard in Batam.
Editing By Alexander Ginting