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Keppel Shipyard Is Awarded Jumboization Contract

Maritime Activity Reports, Inc.

October 19, 2000

Keppel Shipyard, a member of the Keppel Hitachi Zosen Group, has secured a $3.9 million jumboization contract from Baggermaatschappij Boskalis bv (Boskalis), an operating arm of the Royal Boskalis Westminister Group in the Netherlands, to upgrade their Trailing Suction Hopper Dredger, Seaway for enhanced dredging capabilities. Upon completion, the Seaway will work on several reclamation projects in Singapore and the region.

Keppel Shipyard's scope of work on the Seaway includes the fabrication and installation of a new 105 ft. (32 m), 1,100-ton mid-body section in the ship. In addition, the dredging and power management systems will undergo extensive modifications to cater to the increase in dredging depth from 115 x 190 ft. (35 to 58 m).

The vessel currently has a length overall of 433 ft. (132 m), a breadth of 72 ft. (22 m), a depth of 41 ft. (12.5 m) and a hopper capacity of 8,000 cu. m.

Following the lengthening, the vessel will measure 58 ft. (164 m) with a hopper capacity of 13,000 cu. m.

Seaway is expected to arrive in Keppel Shipyard in late October 2000 for a first quarter 2001 completion.

The workscope will be carried out in compliance with the rules and regulations of Classification Society Bureau Veritas and the Netherlands Shipping Inspectorate.

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