Keppel Clinches S$210 million Specialized Shipbuilding Contracts

Keppel Offshore & Marine Limited (Keppel O&M), through its wholly-owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine), has secured two contracts worth S$210 million.

The first contract was awarded by a repeat customer, Global Offshore International Ltd (Global Offshore), for a derrick pipelay vessel. This is a multi-purpose construction vessel suitable for worldwide operations.

With accommodation up to 264 persons onboard, the derrick pipelay vessel will be equipped with two units of propulsion thrusters, six units of positioning thrusters, four units of power generators, Dynamic Positioning System 2 and integration pipelay equipment. The derrick pipelay and major ship equipment will be furnished by the owner. The vessel is expected to be delivered in second quarter of year 2011.

The second contract, for a 100-metre Rolls-Royce designed UT 788 CDL ultra-deepwater Multi-Functional Support Vessel (MFSV), was awarded by a valued customer, Lewek Shipping Pte Ltd (Lewek Shipping). The owner will furnish the ship equipment.

When completed in the fourth quarter of 2010, this MFSV, with its hybrid propulsion system of both diesel and electric drives, will have a bollard pull in excess of 300 tonnes. It will also have Dynamic Positioning System 3 capability, which enhances propulsion machinery redundancy of the vessel. This is such that overall operations will not be affected in the event of fire or flooding in one part of the vessel. In addition to deepwater anchor handling, towing and supply operations, the vessel will be able to carry highly hazardous liquid, perform deepwater well-installation and well intervention services.

Mr Hoe Eng Hock, Executive Director of Keppel Singmarine, said, "Demand for offshore support vessels remains strong, with customers now making enquiries for larger and more powerful ships. With our track record of providing high-quality and reliable services, we are in a good position to support our global clientele in their fleet expansion plans.

"Keppel is pleased that our customers continue to entrust us with the construction of sophisticated specialized vessels."

Keppel Singmarine, a wholly-owned subsidiary of Keppel Corporation Limited through Keppel O&M, is the specialized shipbuilding arm. Keppel O&M's near market, near customer strategy is bolstered by a global network of 20 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner in solutions for the offshore and marine industry.


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