Keppel Singmarine Secures Newbuild Contracts

press release
Wednesday, November 16, 2011

Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured two contracts from Indonesian customers worth a total of about S$47 million.

 

The first contract is for a Coal Transshipment Barge for repeat customer PT Indo Straits Tbk, through its subsidiary company PT Pelayaran Straits Perdana and the second is for the construction of three tugboats for a new customer, an international shipping company. Mr Hoe Eng Hock, Executive Director of Keppel Singmarine said, "We are pleased with these orders from our valued customers. It is a testament to Keppel Singmarine's reputation for on time, and on budget deliveries as well as the proven track records of our project execution and technical designs."

 

Keppel Singmarine's contract with PT Pelayaran Straits Perdana is a repeat order of the Coal Transshipment Barge, Straits Venture, which was delivered earlier this year. Mr Richard Ong, President Commissioner of PT Indo Straits Tbk, said, "Straits Venture has been performing very well and we are confident that the second vessel will be just as successful. We look to continue this partnership with Keppel Singmarine as we expand our presence in the region and become a leading player in our segment."

 

Designed by Keppel Singmarine's design arm, Marine Technology Development (MTD), the vessel is capable of loading 35,000 tonnes of coal per day, and operates in open sea and difficult transshipment conditions. It will also have the flexibility to support marine offshore engineering operations in the oil and gas industry. The vessel is scheduled for delivery in the fourth quarter of 2012. Mr Hoe shared, "We hope to deepen our partnership with PT Indo Straits Tbk following our delivery of its first coal transshipment barge earlier this year. We are very pleased to continue supporting PT Indo Straits Tbk in their expansion plans."

 

For the three tugboats ordered, Keppel Singmarine will undertake the engineering and construction of the turnkey projects.The three vessels, consisting of two 45-tonne bollard pull tractor tugs with twin Voith Schneider Propulsion units and a 50-tonne bollard pull Azimuth Stern Drive (ASD) tugboat, are expected to be delivered in the third and fourth quarters of 2012.

 

The ASD tugboat will also be built to MTD's design. A tugboat of similar design was recently delivered to Topahova Maritime SA of Liberia for work in Venezuelan waters in September 2011. The above contracts are not expected to have material impact on the net tangible assets and earnings per share of Keppel Corporation for the current financial year.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

Bulgaria, Greece to Consider Greek LNG terminal

Bulgarian state energy holding company BEH and Greek natural gas company Gastrade have set up a joint task force to prepare a proposal to build an off-shore liquefied

Harding Sold to Palfinger

The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group.

Shipbuilding

Damen Delivers Floating Pump Station to Hamburg

Hamburg Port Authority (HPA) has taken delivery of the Sauger III, a custom floating pump station by Damen Shipyards Group for supporting dredging operations. Situated

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Strategic Marine Building Luxury Crewboat

Strategic Marine announced the kick-off of its first collaboration with PT. Pelayaran Tanjung Kumawa, expecting to deliver an exclusive luxury crewboat in November this year.

Bulk Carrier Trends

BIMCO President Speaks on Dry Bulk's Road to Recovery

“Scrapping ships and no new builds is the fastest road to recovery for the dry bulk market” BIMCO President Philippe Louis-Dreyfus comments on BIMCO’s latest market

Baltic Index Up On Higher Capesize Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday helped by an increase in demand for capesize vessels.

Freighter Runs Aground in Lake Superior

The U.S. Coast Guard informs it is continuing to monitor and respond to the 833-foot U.S. cargo vessel Roger Blough, which ran aground Friday afternoon on Gros

Finance

Baltic Index Up On Higher Capesize Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday helped by an increase in demand for capesize vessels.

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

Naval Architecture

Strategic Marine Building Luxury Crewboat

Strategic Marine announced the kick-off of its first collaboration with PT. Pelayaran Tanjung Kumawa, expecting to deliver an exclusive luxury crewboat in November this year.

Queen Mary 2 set for Extensive Blohm + Voss Refit

On May 27, at 8:00 PM, the Queen Mary 2 docked at Blohm+Voss at dry dock ELBE 17, well-known to the ocean liner. There, the flagship of the long-established British

Tech & Design Solutions for Modern Workboats

EPA Tier 4 regulations (for engines of 804 hp and higher) and propulsion advancements have many manufacturers and vessel designers changing course to adapt to new requirements and customer demands.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.1205 sec (8 req/sec)