Keppel Shipyard secures four new contracts worth over $60m

Singapore’s Keppel Offshore & Marine has won four contracts via Keppel Shipyard for the conversion, repair and modification of vessels worth a total of S$85m ($61.35m).

Keppel is converting 106,034 dwt tanker Tempera into an FPSO for Dixtone Holdings, with work scheduled to commence in the third quarter of this year. The vessel is expected to be completed in the third quarter of 2018 and will then be deployed to the Yombo field off the Republic of Congo for Perenco.

Additionally, Keppel is carrying out repair work for the life extension and conversion of the MTC Ledang FPSO for Malaysia’s MTC Engineering. The project scope includes the fabrication of a flare tower and foundation and the lifting and integration of the crude stabilisation unit. Work is schedule for completion during the third quarter of 2017 and the vessel will then be deployed to the Ophir Field, offshore Peninsular Malaysia.

Keppel has also secured a contract from Boskalis for the conversion of semisubmersible heavy lift vessel Finesse to a crane vessel.

Lastly, the yard will carry out a major refurbishment for EXMAR gas carrier, LNG Lerici.

Chor How Jat, managing director of 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. There remain opportunities in a variety of segments in the offshore and marine market and we are proud to be the industry’s preferred shipyard.”

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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