Keppel Wins New Marine Contracts
Singaporean conglomerate Keppel Offshore & Marine said that it has secured new marine contracts with a combined value of S$300 million (USD 220 mln) through its subsidiaries.
According to a press release from the company, the first contract is by Keppel Singmarine with Shturman Koshelev LLC for the design and construction of an ice-class LNG bunker vessel. When completed in 4Q 2020, the vessel will be chartered to Gazpromneft Marine Bunker Ltd (Gazpromneft) for operations in the Baltic Sea. The contract complies with applicable sanctions.
To be built to the MTD 5800V LNG design, a proprietary design of Keppel O&M's ship design and development arm, Marine Technology Development (MTD), the vessel will have an Ice Class Arc 4 notation and a cargo capacity of 5800 m3.
This project leverages Keppel O&M's strong track record in ice-class vessels, experience in cryogenics, and comprehensive suite of solutions along the gas value chain. Keppel O&M has delivered 11 ice-class vessels to-date and is currently building LNG-fuelled vessels including South East Asia's first LNG bunkering vessel.
The second contract is by Keppel Shipyard with a leading global operator of floating production vessels for the fabrication of a new aft hull for an FPSO.
Keppel Shipyard will be responsible for the design of the aft hull, procurement of equipment, as well as fabrication, outfitting, integration and commissioning work on board the existing FPSO. The installation will also include a new accommodation block which can accommodate up to 140 personnel.
Work on the FPSO, which has already arrived in the shipyard in preparation for the upgrade, is scheduled to commence in 1Q 2019. Delivery of the FPSO is expected by the end of 2020.
Separately, Keppel Shipyard has recently secured a total of 65 contracts from a variety of customers for exhaust gas scrubber retrofit projects involving project management, integration design engineering, installation and retrofitting, as well as testing and commissioning works. It completed Singapore's first scrubber retrofit installation on a Very Large Crude Carrier (VLCC) in July 2018, successfully delivering the project in under 30 days.
Chris Ong, CEO, Keppel O&M, said: "These new contracts are testament to Keppel O&M's expertise in the building, upgrading and conversion of a wide range of vessels. They also extend our track record in refurbishment and modification projects, which are a core part of our business."
"Keppel O&M also stands ready with a suite of advanced and cost-effective solutions such as scrubber retrofits and LNG-fuelled vessels, as the International Maritime Organisation implements the 0.5% global sulphur cap on marine fuel from January 2020," he added.