Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiaries Keppel Singmarine Pte Ltd (Keppel Singmarine) and Keppel Shipyard Ltd (Keppel Shipyard), on Wednesday said it clinched contracts worth a combined value of about S$300 million (USD 218.73 million) for the design and construction of an ice-class LNG bunker vessel, refurbishment of a Floating Production Storage and Offloading vessel (FPSO), and 65 scrubber retrofit projects.
“These new contracts are testament to Keppel O&M's expertise in the building, upgrading and conversion of a wide range of vessels. They also extend our track record in refurbishment and modification projects, which are a core part of our business,” said Chris Ong, CEO, Keppel O&M.
“Keppel O&M also stands ready with a suite of advanced and cost-effective solutions such as scrubber retrofits and LNG-fuelled vessels, as the International Maritime Organisation implements the 0.5% global sulphur cap on marine fuel from January 2020.”
The first contract is by Keppel Singmarine with Shturman Koshelev LLC for the design and construction of an ice-class LNG bunker vessel. When completed in 4Q 2020, the vessel will be chartered to Gazpromneft Marine Bunker Ltd (Gazpromneft) for operations in the Baltic Sea. The contract complies with applicable sanctions.
To be built to the MTD 5800V LNG design, a proprietary design of Keppel O&M's ship design and development arm, Marine Technology Development (MTD), the vessel will have an Ice Class Arc 4 notation and a cargo capacity of 5800 m3.
Keppel O&M is currently building LNG-fuelled vessels including South East Asia's first LNG bunkering vessel.
The second contract is by Keppel Shipyard with a leading global operator of floating production vessels for the fabrication of a new aft hull for an FPSO.
Keppel Shipyard will be responsible for the design of the aft hull, procurement of equipment, as well as fabrication, outfitting, integration and commissioning work on board the existing FPSO. The installation will also include a new accommodation block which can accommodate up to 140 personnel.
Work on the FPSO, which has already arrived in the shipyard in preparation for the upgrade, is scheduled to commence in 1Q 2019. Delivery of the FPSO is expected by the end of 2020.
Separately, Keppel Shipyard has recently secured a total of 65 contracts from a variety of customers for exhaust gas scrubber retrofit projects involving project management, integration design engineering, installation and retrofitting, as well as testing and commissioning works.
It completed Singapore's first scrubber retrofit installation on a Very Large Crude Carrier (VLCC) in July 2018, successfully delivering the project in under 30 days.
Related: Keppel Singmarine to build $37.6 million LNG bunker tanker
Related: First LNG bunkering vessel in South East Asia ‘on order’
Related: Singapore will have two LNG bunkering vessels operating by 2020
Photo credit: Keppel Corporation
Published: 26 December, 2018
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