Keppel O&M inks deal to manage shipyard in Fujian province
Published on Apr 9, 2014 6:38 PM
SINGAPORE - Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Fels Offshore, has signed a management services agreement with Titan Petrochemicals Group - a company in which commodities trading conglomerate Guangdong Zhenrong Energy is a major shareholder - and Titan Quanzhou Shipyard (TQS), to manage the TQS shipyard.
TQS, located in Quanzhou in Fujian province, is one of the largest shipyards in China, occupying a total area of 110 ha with 3,600 metres length of coastline.
When completed, TQS will have four ultra-large and wide dry docks, including one of the largest modern-designed docks in China, which will enable it to convert double hull vessels such as floating production storage and offloading units.
Besides ship repair and conversion capabilities, the yard is also able to construct offshore rigs including jack-ups and semisubmersibles.
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