Keppel unit wins four contracts worth $85 million

Keppel Shipyard won four contracts worth a total of S$85 million for the conversion, repair and modification of vessels.
Keppel Shipyard won four contracts worth a total of S$85 million for the conversion, repair and modification of vessels.PHOTO: KEPPEL

SINGAPORE - A unit of Keppel Offshore and Marine has won four contracts worth $85 million for the conversion, repair and modification of vessels.

The contracts include one for a new customer, MTC Engineering.

Keppel Shipyard will carry out work on an oil tanker being converted into a floating production storage and offloading vessel. Once completed in the third quarter of next year, it will be deployed to a field off peninsular Malaysia.

Another contract involves converting a semi-submersible heavy lift vessel to a crane ship for Netherlands-based dredging company Royal Boskalis Westminster. The vessel will be equipped with a 3,000 tonne crane and be able to accommodate up to 150 people. It will also be able to transport and install offshore wind turbine foundations when completed in the third quarter of this year.

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Mr Chor How Jat, managing director (conversions and repair) at Keppel O&M and the managing director at Keppel Shipyard, said:"Despite the current challenging market conditions, we continue to receive a regular stream of conversion, repair and modification work from both new and long-standing clients."

He added that there were still opportunities in a variety of segments in the offshore and marine markets.

"These four contracts bear testament to our strong expertise in the conversion, upgrading and repair works for (Floating Production Storage and Offloading) vessels, liquefied natural Gas tankers, as well as heavy lift vessels."