Keppel Offshore & Marine secures OSV Contracts
Keppel Offshore & Marine Ltd (Keppel O&M) has secured a total of S$172 million worth of contracts through its wholly owned subsidiaries, Keppel Singmarine Ltd and AMFELS in USA. Keppel Singmarine, a specialized shipbuilder, will build four Anchor Handling Tug/ Supply (AHTS) vessels for European based company, Groupe Bourbon and four harbor tugs for Keppel Smit Towage. Deliveries of the eight vessels are slated progressively between the third quarter of 2004 and first quarter 2006.
Keppel’s Integration Efforts Bear Results With million contracts
The integration of Keppel Corporation’s offshore and marine businesses has contributed to a $16 million (S$29 million) swamp barge contract clinched as a result of the synergy of the offshore and specialised shipbuilding divisions. Furthermore, with the integration and Keppel’s sharper focus on specialised shipbuilding, especially support vessels, the offshore and marine group has also won a new contract worth S$21 million from Keppel Smit Towage for three 60-ton tugs which are due for delivery in mid 2003. These tugs, a utility boat and two terminal tractor tugs, will be deployed by Keppel Smit Towage in Brunei for charter to Brunei Shell Petroleum Company.
After 25 Years, Smit International Keeps Evolving
Although Smit International graced the marine industry with its presence in 1975, the company actually began in the mid-18th century as a shipbuilder, which would eventually evolve into its current state as a diversified marine service provider. Known as Smit International Singapore, the company is a wholly owned subsidiary of Smit International BV — a Dutch company listed on the Amsterdam stock exchange. Celebrating its 25th anniversary this year, Smit formed a regional office in Singapore as a strategic move for expansion in the Far East. It was quick planning on the part of the company as it noted the region's ever-growing significance, as well as its large potential as a maritime hub at that time.
Keppel Singmarine Wins Contracts for 5 Vessels
Keppel Singmarine Ltd, a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) has secured orders for three offshore support vessels (OSVs) and two tugboats for about $80 million. The vessels will be progressively delivered to their owners up to end 2006. Keppel Singmarine will build one ice-class OSV for anchor handling and supply purposes for new customer, the Russian oil company Lukoil Kaliningradmorneft (LUKOIL). When completed at end 2006, the vessel will be deployed in the Caspian Sea region. The other two OSVs are for repeat customer Groupe Bourbon (Bourbon). With these two 100-tonne bollard pull anchor handling tugs, Keppel Singmarine’s orders from Bourbon will add up to a total of seven vessels.
Keppel Singmarine Wins $46M in Contracts
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.
