Keppel wins newbuild contracts

Keppel Singmarine in Singapore received orders for four offshore support vessels

(OSVs) and two tugboats for about $46 million. The vessels will be progressively delivered to their owners up to first half of 2007.

Currently, Keppel Singmarine has 22 vessels under construction, having delivered nine since the beginning of 2005. Its strong orderbook has placed the Company as one of the world?s leading builders of offshore support vessels. Keppel will build two Anchor Handling and Tug/ Supply (AHTS) vessels each for Saudi Arabia companies, HADI Establishment (HADI) and Zamil Operations and Maintenance Co.

Keppel Smit Towage (KST) has placed an order for two azimuth stern drive

(ASD) tugs designed by the Marine Technology Development (MTD), Keppel Singmarine?s own research and development arm. A joint venture between Keppel Shipyard and Smit International Singapore, Keppel Smit Towage owns, manages and operates tugs to provide marine support services in the Asia Pacific region.