Keppel Singmarine Wins $46M in Contracts

Thursday, September 29, 2005
Keppel Singmarine received orders for four offshore support vessels (OSVs) and two tugboats for about $46 million. The vessels will be progressively delivered to their owners up to first half of 2007.

Currently, Keppel Singmarine has 22 vessels under construction, having delivered nine since the beginning of 2005. Its strong orderbook has placed the Company as one of the world’s leading builders of offshore support vessels.

Keppel Singmarine will build two Anchor Handling and Tug/ Supply (AHTS) vessels each for Saudi Arabia companies, HADI Establishment (HADI) and Zamil Operations and Maintenance Co.

A repeat customer since 2001, HADI has ordered from Keppel Singmarine a total of nine vessels including the latest two vessels. Zamil Operations and Maintenance Co. Ltd. (Zamil) is a new customer.

Keppel Smit Towage (KST) has placed an order for two Azimuth Stern Drive (ASD) tugboats, designed by the Marine Technology Development (MTD), Keppel Singmarine’s own research and development arm.

A joint venture between Keppel Shipyard and Smit International Singapore, Keppel Smit Towage owns, manages and operates tugs to provide marine support services in the Asia Pacific region.

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