Keppel secures newbuild dredger and FPSO modification contracts

Singapore’s Keppel Offshore & Marine has secured a dredger newbuild contract and FPSO modification contract worth a total of around S$130m ($95.7m).

The dredger contract is between Keppel FELS and Dutch firm Van Oord and is for a high-spec LNG-ready trailing suction hopper dredger. The dredger is the third in a series from an order placed in 2018, and delivery is scheduled for the first quarter of 2022.

The FPSO contract is between Keppel Shipyard and Malaysia’s Yinson and is for the fast-track modification and upgrading of FPSO  Allan. The work scope includes refurbishment and life extension works, as well as the fabrication and installation of a new riser balcony, spread mooring system and helideck. The project is scheduled to commence in the third quarter of 2019 and be completed by the first quarter of 2020.

Chris Ong, CEO of Keppel Offshore & Marine, commented: “We are pleased to secure these contracts from repeat customers as it reflects the market’s confidence in Keppel O&M’s customised solutions for newbuild vessels and FPSO conversions. This is the third newbuild dredger for Van Oord and the third FPSO project for Yinson. We are able to leverage the experience of working closely with our customers as well as our engineering and construction expertise to further improve productivity on their projects.”

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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