Keppel O & M wins multi million contracts

Keppel Offshore & Marine (Keppel O&M) has secured a total of $101 million worth of contracts through its wholly owned subsidiaries, Keppel Singmarine and AMFELS in the USA.

Keppel Singmarine, a specialised shipbuilder, will construct four Anchor Handling Tug/ Supply (AHTS) vessels for European based company, Groupe Bourbon, and four harbour tugs for Keppel Smit Towage. Deliveries of the eight vessels are slated progressively between the third quarter of 2004 and first quarter 2006.

With these contracts, Keppel Singmarine has a current order book of 20 vessels and is one of the leading builders of offshore support vessels in the world. The shipyard has built more than 300 vessels since the early 1970?s.

Said Charles Foo, chairman of Keppel Singmarine, “These are contracts from our repeat customers. Our track record for on time deliveries of products and services has earned us the trust and satisfaction of these regular customers.”

Groupe Bourbon has a fleet of over 200 vessels offering clients customised services in offshore oilfields, in towage and assistance services and in dry bulk transport. Keppel Smit Towage is a joint venture between Keppel and Smit International Singapore. The company operates a complete spectrum of towage and support services.

Meanwhile, Keppel O&M?s yard in the United States, AMFELS, won a contract to upgrade a jack-up rig for repeat customer ENSCO Offshore Company. Scheduled for delivery in the fourth quarter of 2004, Ensco 68 will be converted from a slot to cantilever jack-up rig, with leg extension and capability enhancement.