Keppel Awarded $2.2M Bonus for Conversion

Monday, April 28, 2003
Keppel Shipyard has won a $2 million bonus for delivering a FPSO (Floating Production Storage Offloading) vessel 10 days ahead of its fast-track contract schedule for Single Buoy Moorings (SBM) Inc. The wholly-owned subsidiary of Keppel Corporation through Keppel Offshore & Marine (Keppel O&M) also received a US$200,000 safety incentive. The yard achieved more than three million man-hour work without lost-time accident during the conversion of the 307,431dwt FPSO Serpentina. Tong Chong Heong, Managing Director & Chief Operating Officer of Keppel O&M, said,“ I am very happy that we have outperformed ourselves in the quality, safety and project management compared to our earlier FPSO/FSO conversions.” Dick van der Zee, Chief Operating Officer of SBM added, “SBM and its client are very impressed with the early delivery of FPSO Serpentina. Keppel Shipyard has achieved a new milestone in its performance and relationship with SBM and its client.” FPSO Serpentina was converted from the tanker, Amazon Eagle. Work began in May 2002 on a full refurbishment for life extension, installation and integration of topside modules and the fabrication and installation of the external turret, two topside modules, flare tower, helideck and tandem berthing of the export vessels. FPSO Serpentina, deployed off to Equatorial Guinea, will be able to process up to 110,000 barrels per day of oil. SBM has just awarded Keppel Shipyard another fast-track conversion, the FPSO Marlim Sul. This is the sixth job it has awarded the yard in the last four years.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Ship Repair & Conversion

IMO Calls for Environmentally Sound Ship Recycling in Bangladesh

The  International Maritime Organization (IMO) and the government of the People’s Republic of Bangladesh are jointly implementing a project entitled “Safe and

EUROPA 2 Undergoes First Scheduled Docking

As part of its first scheduled docking, Hapag-Lloyd Cruises’ EUROPA 2 underwent technical maintenance at Blohm + Voss in Hamburg from April 11-24, 2015.   At the same time,

The German Shipbuilding Rebound

German shipbuilding has made a significant turnaround. The country’s shipbuilding industry has seen increases in the number of employees, orders and deliveries compared to 2013,

 
 
Maritime Careers / Shipboard Positions Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.2469 sec (4 req/sec)