Keppel Singmarine Lands $5.5 Million Harbor Tug Contract
Keppel Smit Towage Private Limited (KST), has recently signed a contract with Keppel Singmarine Dockyard Pte Ltd (Keppel Singmarine) to build two 3,600 bhp harbor tugs for a contract value of about $5.5 million, with an option for a further two tugs. These two tractor tugs will have a bollard pull of 47 tonnes. As with all the other tugs in KST's fleet, they will include fire-fighting capability. With these specifications, the tugs will be able to assist all types of vessels including VLCCs berthing at deep water berths. With the delivery of these two newbuildings at the end of the year, KST will have a combined fleet of 26 tugs ranging between 3,000 to 4,000 bhp.
Keppel Hitatchi Buys Keppel Marine Shiprepair, Shipbuilding Business
Keppel Hitachi Zosen Ltd. has reportedly agreed to buy Keppel Marine Industries Ltd.'s shiprepair and building business for $98.9 million in cash. Keppel Hitachi said it would acquire all of Keppel Marine's investments in Keppel Singmarine Dockyard Pte Ltd., Eagle Engineering Pte Ltd., Keppel UAE-Investment Pte Ltd., Keppel Philippines Marine Inc., and Penguin Boat International Ltd.
