Keppel Gets $105.7m in Contracts for Conversion, Shipbuilding

Tuesday, April 24, 2007
Keppel Offshore and Marine, a unit of Keppel Corp, has secured conversion and shipbuilding contracts worth $105.7m. The contracts involve converting two Floating Production Storage and Offloading (FPSO) units. One contract is from SBM Holdings, one of the world's largest owners and operators of FPSO and FSO facilities, and the other is from Emas Offshore Construction and Production. The unit for SBM is expected to be completed in the third quarter of 2008. When completed, it can produce up to 100,000 barrels of oil per day and store about 1.6 million barrels of oil. The unit for Emas Offshore Construction and Production is due to be ready by mid-2008. Meanwhile, Keppel Nantong Shipyard has received an order to build three 65-ton bollard pull tugboats. They are expected to be delivered between the third quarter of 2009 and the first quarter of 2010. Keppel Corp said the contracts are not expected to have material impact on its net tangible assets and earnings per share for the financial year 2007. Source: CNA
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Ship Repair & Conversion

Crewman Claims Ferry Captain "Rushed Back To Bridge"

The captain of a South Korean ferry that capsized two days ago rushed back to the bridge after it started listing severely and tried in vain to right the vessel,

TEPNG Integrates AVEVA Engineering & Design

AVEVA announced that TOTAL E&P Nigeria Ltd. (TEPNG) has adopted AVEVA’s Engineering & Design solutions as part of an Integrated Engineering & Design approach. TEPNG

ClassNK Approves Fillet Welding Consumable

Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1206 sec (8 req/sec)