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Monday, December 27, 2010

Keppel secures S$240 million worth of conversion and specialised shipbuilding contracts

Keppel secures S$240 million worth of conversion and specialised shipbuilding contracts:
Key Points
  • Keppel Offshore & Marine Ltd (Keppel O&M), through wholly-owned subsidiaries Keppel Shipyard Limited and Keppel Singmarine Pte Ltd, has clinched new contracts totalling S$240 million.
  • These comprise the upgrading of a Floating Production Storage and Offloading (FPSO) vessel, the conversion of a livestock carrier, as well as the building of a diving support vessel.
  • With these latest projects, the total value Keppel O&M in 2010 has edged up to S$3.2 billion.
  • Additionally, Keppel Shipyard has secured its third livestock carrier conversion project from the Hijazi & Ghosheh Group, a world-leading owner and operator of such vessels. 
  • This contract involves converting the Reestborg container ship into a livestock carrier for Hijazi & Ghosheh’s affiliate company, Reestborg Compania Naviera S.A. 
  • Keppel Shipyard’s work scope includes providing design engineering services, equipment procurement, as well as modifying the ship’s structural, piping and electrical systems. 
  • When completed in the second quarter of 2011, the livestock carrier will ply the route between Australia and the Middle East.
  • Fortifying its track record for customised ship solutions, Keppel Singmarine has also won a contract from a Malaysian customer to build a diving support vessel.
  • The 80-metre ship will be based on a new design specially developed by Keppel’s Marine Technology Development unit for the customer. 
  • When completed in the second quarter of 2012, this diving support vessel will be able to perform multiple functions including rescue and subsea operations.
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