Keppel Singmarine Pte Ltd, the specialized shipbuilding arm of Keppel Offshore & Marine Limited (Keppel O&M), is on schedule to deliver Global 1200, the first of two new generation derrick pipelay vessels to Global Industries. John Reed, CEO of Global Industries, said, "The construction of subsea pipelines is expected to intensify globally in tandem with the increasing number of exploration and production activities in deeper and more remote frontiers. Designed to set new benchmarks of excellence in pipelaying operations, Global 1200 comes with a state-of-the-art pipelay system and has the capability of operating in waters as deep as 3,000 metres.