- Secures strong pipeline of cruise maintenance and upgrade projects with first three projects expected by 4Q2026
- Scope of multi-year agreement spans Carnival Corporation’s eight world-class cruise lines
Seatrium has renewed its multiyear agreement with the world’s largest cruise operator, Carnival Corporation, extending a longstanding strategic partnership established since 2010. The agreement underscores Seatrium's established track record and leading capabilities in delivering complex cruise ship maintenance, upgrades, revitalisations and retrofit solutions.
Under the Favoured Customer Contract ('FCC') agreement, Carnival Corporation is expected to dock a number of cruise vessels at Seatrium's facilities over the coming years for statutory inspections, maintenance, enhancements and upgrade works. The contract covers vessels across Carnival Corporation's global portfolio of eight renowned cruise lines, including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises and Seabourn.
With the new agreement in place, Seatrium is scheduled to undertake works on three cruise vessels in the fourth quarter of 2026, namely Royal Princess and Carnival Luminosa in October 2026, followed by Seabourn Encore in November 2026. Several more cruise vessels from Carnival Corporation are expected to dock at Seatrium's yards between 2027 and 2029 under the agreement.
The FCC agreement offers FCC strategic partners certainty of repair slots at Seatrium’s facilities, while providing Seatrium with forward utilisation visibility and capacity optimisation opportunities. Seatrium currently has 22 FCC partners across world-leading owners and operators of cruises, LNG carriers, offshore vessels, naval and powerships, amongst others.
Mr Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said: 'Carnival Corporation has been a cornerstone of Seatrium's cruise business journey, and our first strategic partner in the highly sophisticated cruise segment back in 2010. Over the past 15 years, we have collaborated closely to deliver a broad range of complex maintenance, upgrades, and retrofit projects, underpinned by execution certainty, quality craftsmanship and uncompromising safety standards. We are proud to support the company’s growth and ambitions, and we thank Carnival Corporation for its trust and collaboration over the years.'
Mrs Vera Lannek, Vice President, Strategic Sourcing and Machinery Lifecycle Management, Carnival Corporation, said: 'Seatrium has been a valued partner to Carnival Corporation, consistently demonstrating strong technical expertise, reliable execution, and a commitment to quality and safety. As we continue to maintain and enhance our global fleet, it is essential that we work with partners who understand the demanding requirements of the cruise sector and can navigate complexity efficiently, on schedule and to the highest standards. We look forward to continuing our partnership with Seatrium as we advance long-term operational excellence of our brands and vessels worldwide.'
As Asia's leading provider of cruise vessel repairs and upgrades, Seatrium continues to deliver innovative, reliable, and sustainable solutions for its customers, while underpinning Singapore's position as a premier global cruise hub.
The Group has accumulated a proven track record of servicing more than 442 cruise vessels since 1978. Leveraging deep engineering expertise, a highly skilled workforce, and world-class yard facilities, the Group remains well-positioned to support the evolving needs of the global cruise industry through innovative, reliable, and sustainable solutions.
Source: Seatrium
