Keppel Wins $230m in Ship Contracts

Monday, July 23, 2007
Keppel Singmarine Pte Ltd (Keppel Singmarine), the wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), won four contracts worth $230 m to build six offshore support vessels (OSV) and a derrick pipelay vessel.

Delivery dates for these vessels are expected between the second half of 2009 and the first half of 2010. This is the first time that Keppel Singmarine is building a derrick pipelay vessel, and for a new customer, Global Offshore International Ltd (Global Offshore).

Mr Hoe Eng Hock, Executive Director of Keppel Singmarine, said, “Derrick pipelay vessels are highly specialised ships that have to be tailor-made to owners’ requirements.

“We are glad that Global Offshore recognises Keppel Singmarine’s versatility and expertise in building all types of vessels in accordance with owners’ specifications.”

The 163-m derrick pipelay vessel is a multi-purpose construction vessel to be equipped with two units of 4500 KW electric propulsion thrusters, six units of positioning thrusters, a 1200-tonne crane and pipelay equipment capable of operating in water depths of 3,000m and handling pipes of 60 inches in diameter. These equipment will be supplied by the owner.

The second contract secured is for another first time customer, Greatship Global Offshore Services Pte Ltd (Greatship), for the construction of two 94-metre, 4,600 dwt, platform supply vessels (PSVs). The PSVs will be equipped with diesel electric propulsion and dynamic positioning systems (DP-2).

The third contract was signed with repeat customer, Hadi H. Al-Hamman Establishment (Hadi), to build two 60-tonne bollard-pull Anchor Handling Tug/Supply (AHTS) vessels with dynamic positioning system (DP-2) for the Middle East. Hadi has placed a total of 16 vessels with Keppel Singmarine since 2001.

The fourth contract is for another repeat customer, LUKOIL-Kaliningradmorneft (LUKOIL), which has commissioned Keppel Singmarine with the building of two Ice-Class multi-purpose standby and rescue vessels for the Caspian Sea. These are the sixth and seventh vessels to be built for LUKOIL.

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