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Keppel Singmarine to Build two AHTS Vessels and Two Tugs

Maritime Activity Reports, Inc.

June 19, 2003

Keppel Singmarine (KSM), the specialized shipbuilding division of Keppel Offshore & Marine, will build two Anchor Handling Tug/ Supply (AHTS) vessels for CH Offshore Ltd, and two harbour tugs for Maju Maritime Pte Ltd. The total value of the four vessels is approximately S$42.5 million. The two AHTS vessels totaling S$33 million are expected to be delivered in August and October 2004 respectively, when they will be deployed to Asia and the Middle East for operations. Goh Boon Kiat, Executive Director of KSM said, “In terms of cargo carrying capacity and bollard pull, the vessels will be of an optimal design. "This particular design is extremely popular because of its versatility. It is suitable for use in a lot of offshore operations.” The two AHTS vessels will have bollard pull in excess of 60 ton. They will also be wider in breadth than standard AHTS vessels, at 16 metres. Since 2002, KSM has been awarded contracts, including this latest job, to construct seven AHTS vessels of this series. Other clients include Hadi H. Al-Hammam Establishment from Saudi Arabia and Pacific Richfield Marine Pte Ltd, a Singapore-based customer.

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