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Floatel Orders Fifth Keppel Accommodation Semi

Keppel FELS Ltd. was awarded a contract worth about $280 million by Floatel International Ltd. to build its fifth accommodation semisubmersible (semi) for delivery in the fourth quarter of 2015. Keppel FELS previously delivered the accommodation semis, Floatel Superior and Floatel Reliance, in 2010 and is currently constructing two more: Floatel Victory and Floatel Endurance. The new semi will be a sister vessel to Floatel Victory and will be built to Keppel's proprietary SSAUTM5000NG design.