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Keppel Nantong bags $75m shipbuilding contracts

Keppel Nantong bags $75m shipbuilding contracts

Shanghai: Keppel Nantong Shipyard (pictured) has clinched three contracts to build eight tugs that will net the yard a combined income of S$110 million ($75.3m), including owner furnished equipment.

The first contract, from Smit Internationale Beheer, will see the wholly-owned subsidiary of Keppel Corporation build two 90-tonne bollard pull offshore support tugs for delivery in the first half of 2010. They will have anchor handling, diving support, and fire fighting capabilities and are slated to be deployed in West Africa.

The second and third contracts are awarded by Keppel Smit Towage and Maju Maritime respectively. Each contract is for the construction of three 65-tonne bollard pull twin-screw Azimuth Stern Drive (ASD) tugs. They will be built in accordance to the MTD 3265ST design, developed by Keppel O&M's technology unit, Marine Technology Development (MTD).

The vessels are expected to be progressively delivered during 2011.

Lee Tai Kwee, president of Keppel Nantong, said, "With the eight new vessels, Keppel Nantong has an orderbook of 26 vessels currently under construction on our 16 hectare site. We are glad that our customers have confidence in the capability of this new yard which is just under two years old."  [18/10/07]