Keppel Secures Contracts

Keppel Singmarine Pte Ltd (Keppel Singmarine), a wholly owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured a repeat contract from Greatship Global Offshore Services Pte Ltd (Greatship) to build two platform supply vessels (PSVs). Deliveries for these two PSVs will be between end 2009 and the first quarter of 2010. The vessels are similar to the two PSVs ordered by Greatship, a Singapore registered company headquartered in India, two weeks ago.

At 308 ft. in length, each vessel is to be equipped with electric propulsion system powered by 8160kw (total) generators, a dynamically positioned system (ll) provided by 2 x 2600kw steerable thrusters and 2 x 1050kw tunnel thrusters. Each vessel will have accommodation for 64 persons, a design speed of 14.5 knots and cargo capacity of 4600 dwt. Meanwhile, Keppel AmFELS Inc in USA, another wholly owned subsidiary of Keppel O&M, has received a contract from Diamond Offshore Services Company to modify and extend the life of the semisubmersible, Ocean Yorktown. Work is scheduled for completion in March 2008. The total value of these contracts is $98.9m.