Keppel O&M secures marine contracts worth $219m

Keppel Offshore & Marine (Keppel O&M), through its two subsidiaries, have clinched marine contracts worth a combined value of approximately SGD300m ($219m).

Keppel Singmarine and Keppel Shipyard have landed deals for the design and construction of an ice-class LNG bunker vessel, refurbishment of a FPSO, and 65 scrubber retrofit projects.

“Keppel O&M stands ready with a suite of advanced and cost-effective solutions such as scrubber retrofits and LNG-fuelled vessels, as the International Maritime Organisation implements the 0.5% global sulphur cap on marine fuel from January 2020,” said Chris Ong, ceo of Keppel O&M.

The first contract is by Keppel Singmarine with Shturman Koshelev LLC for the design and construction of an ice-class LNG bunker vessel. When completed in the fourth quarter of 2020, the vessel will be chartered to Gazpromneft Marine Bunker for operations in the Baltic Sea. The contract complies with applicable sanctions.

To be built to the MTD 5800V LNG design, a proprietary design of Keppel O&M's ship design and development arm, Marine Technology Development (MTD), the vessel will have an Ice Class Arc 4 notation and a cargo capacity of 5,800 cu m.

Keppel O&M has delivered 11 ice-class vessels to-date and is currently building LNG-fuelled vessels including Southeast Asia’s first LNG bunkering vessel.

The second contract is by Keppel Shipyard with a global operator of floating production vessels for the fabrication of a new aft hull for an FPSO. Keppel Shipyard will be responsible for the design of the aft hull, procurement of equipment, as well as fabrication, outfitting, integration and commissioning work on board the existing FPSO. The installation will also include a new accommodation block which can accommodate up to 140 personnel.

Work on the FPSO, which has already arrived in the shipyard in preparation for the upgrade, is scheduled to commence in the first quarter of 2019. Delivery of the FPSO is expected by the end of 2020.

Read more: FPSO market rebound expected to continue in 2019

Separately, Keppel Shipyard has recently secured a total of 65 contracts from a variety of customers for exhaust gas scrubber retrofit projects.

Keppel O&M said its shipyard subsidiary has expertise in the cost-effective and quick turnaround of scrubber retrofit projects, reducing downtime for shipowners. This is achieved by embarking on design development with 3D scanning and detailed engineering, as well as fitting the complete scrubber and supporting systems in one prefabricated module, before the vessel enters the yard for retrofitting.

Posted 26 December 2018

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Lee Hong Liang

Asia Correspondent

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