Key Points
- Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries in the Philippines and Singapore have clinched contracts worth about S$50 million for the construction and upgrading of vessels.
- Its yards in Subic and Batangas are each constructing a transshipment barge for PT Mitra Bahtera Segarasejati and PT Pelayaran Kartika Samudra Adijaya respectively. Both vessels are targeted for completion by end 2010.
- Meanwhile in Singapore, Keppel Singmarine Ltd has also clinched a contract from PT Indo Straits to build a similar transshipment barge that is scheduled for delivery in the first quarter of 2011.
- In addition to the above contracts, Subic Shipyard has also been awarded a drillship upgrading job by Frontier Drilling.
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