Keppel Hitachi Zosen Wins Contracts

Keppel Hitachi Zosen Ltd. clinched contracts worth S$60 million. Keppel Hitachi will undertake the construction of a multi-purpose supply vessel for France-based SURF, a member of the maritime branch of the Bourbon Group. It is expected to be delivered in the second quarter of 2002. It will also convert a tanker into a floating production storage and offloading vessel for Nortrans Offshore (S) Pte Ltd, which is expected to be completed in the third quarter of 2001. Keppel Hitachi said it had an order book with a total value of S$614 million.