Seaways International Pte Ltd News

Keppel Offshore & Marine Limited (Keppel O&M) through its wholly owned subsidiaries has clinched contracts worth $139m. The new orders include the upgrading and conversion of a Floating, Storage and Offloading (FSO) vessel into a Floating Production, Storage and Offloading facility (FPSO Okha) by Keppel Shipyard for Single Buoy Moorings, the building of two RAmpage 5500 Z-M offshore support tugs by Keppel Singmarine for Seaways International Pte Ltd and the construction of three tugboats at Keppel Cebu Shipyard in the Philippines.

Keppel Singmarine Pte Ltd, the wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has clinched three newbuilding contracts worth a total of S$120 million. The first contract involves the construction of four Anchor Handling Tug/Supply (AHTS) vessels at its Keppel Nantong Shipyard, northwest of Shanghai. The deliveries of these vessels are expected between third quarter 2007 and mid 2008. The owner is Hadi Offshore Pte Ltd., a newly established Singapore subsidiary of Hadi H. Al Hammam Est., Saudi Arabia (HADI). The companies have awarded Keppel Singmarine a total of 14 orders since 2001. Keppel Singmarine’s latest delivery for HADI was in December 2005.