One of the largest shipyards on the Gulf Coast may be sold to an energy company in a $50.6 million deal, underscoring the Port of Brownsville’s growing role in the energy sector and in liquefied natural gas development.
The Port of Brownsville said in a statement Wednesday the transaction marks “a significant opportunity” for the Rio Grande Valley and pointed to the buyer’s global reach as a source of new investment and innovation.
The port also said the deal “further enhances our position in global energy markets” and could open the door to new projects tied to Brownsville’s industrial base.
A subsidiary of Singapore-based Seatrium Ltd., which controls the AmFELS shipyard, signed a contract to sell it to Karpower Valley LLC, the U.S. arm of Turkey’s Karpowership, according to a Seatrium news release issued Tuesday.
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Naxi Lopez-Puente
Reporter
Naxiely López, managing editor of the Rio Grande Valley Business Journal, is a veteran Valley journalist who reported and served as metro editor at The Monitor. She later led programs and partnerships at Mission EDC, giving her on-the-ground insight into regional growth. A Valley native raised in South Texas, she brings a deep working knowledge of how the RGV does business.
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