The dredgers are valued at SGD120m ($86.5m), including owner furnished equipment, with the first expected to be completed in second half 2019. The second vessel is an option with a six month expiry.
The dredgers will be the first to be built to EU Stage V regulations on emissions of particulate matter, and also will comply with IMO Tier III regulations.
“Constructing the world's first EU Stage V dredgers will extend our track record in the non-oil and gas segment, and broaden our expertise as we continue to seek opportunities where we can leverage our capabilities to provide value-added solutions," said Abu Bakar, md of Keppel Singmarine.
The vessels will be able to dredge to a maximum depth of 35 m and have a hopper capacity of 6,000 cu m and classed by Bureau Veritas.
The new contracts add to three dredgers that Keppel Singmarine is currently building for Jan De Nul.
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