Singapore's Keppel Corp Unit Wins Shipbuilding Contracts

Keppel Corp said its shipbuilding unit in China, Keppel Nantong Shipyard Co Ltd., has won shipbuilding deals worth $75m. The first contract, from Smit Internationale Beheer BV, involves the construction of two 90-ton bollard pull offshore support vessels for delivery in 2010. Keppel Nantong also won contracts from Keppel Smit Towage and Maju Maritime involving construction of six 65-ton bollard pull twin-screw Azimuth stern drive vessels for delivery in 2011. The latest orders brings to 26 the vessels under construction at Keppel Nantong's shipyard. [Source: Thomson Financial]