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Keppel clinches conversion and repair deals worth $61.5m

Keppel clinches conversion and repair deals worth $61.5m
Keppel Offshore & Marine (Keppel O&M), through its wholly owned Keppel Shipyard, has clinched four contracts worth a total of SGD85m ($61.5m) for the conversion, repair and modification of vessels.

“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,” said Chor How Jat, managing director (conversions and repair), Keppel O&M and managing director, Keppel Shipyard.

“These four contracts bear testament to our strong expertise in the conversion, upgrading and repair works for FPSO vessels, LNG tankers, as well as heavy lift vessels,” Chor said.

The first contract is from Dixstone Holdings for the conversion of the 106,000-dwt tanker Tempera into an FPSO. The work is scheduled to be completed in the third quarter of 2018 and the FPSO will be deployed to the Yombo field operated by Perenco off the Republic of Congo, Africa.

For the second contract, Keppel Shipyard will carry out repair work for the life extension and conversion of an oil tanker into an FPSO, MTC Ledang, for new customer, MTC Engineering. Completion is scheduled in the third quarter this year and the FPSO will be deployed to the Ophir Field, offshore Peninsular Malaysia.

The third contract is from Royal Boskalis Westminster for the conversion of a semi-submersible heavy lift vessel, Finesse, to a crane vessel, with completion planned in the third quarter this year.

For the fourth contract, major refurbishment will be carried out for an Exmar Ship Management managed gas carrier, LNG Lerici. Work on the vessel has commenced and is expected to be completed in the first quarter of 2018.

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